The following message was updated on 9/19/2020 1:36:29 AM.
Homing Pigeon; Close $0.27 again; 348k
Mr. House Positions:
The continual friendship of SVA in the 27 to 28 cent area is actually bullish rather than stuck as in "Velcroed there"... Think of it as Pigeons coming Home to Roost (Homing Pigeon).
In truth, I think this recent share price jockeying has to do with the present above market price PP at three thin dimes, which we are likely to hear the conclusion of next week.
Something is incongruous with the PP. I have no idea what it is, but I am sure Sernova does. This is especially so since the company was approached rather than the usual way of approaching investors! Further, one would have expected a pop in the share price with the announcement, but it didn't happen... Manipulators trying to dampen what seemed to be excellent news?? In addition, the warrants are two years only and callable unlike last year's PP with three year warrants and not callable. That said, a dollar in the till by whatever means is still a dollar that Sernova didn't have.
Considering that the general markets were weak today, SVA's close at $0.27 on 348k (77k Germany; 5k US) is a small victory for we long suffering shareholders.
001, 002 and 007 were showing significant talent by kiting shares back and forth to each other rather than one being a sell standout and another a buy standout.