RE: Why the rise today?14 Aug 2017 11:26
The thing is @oneandonly, I, and I presume you, aren't so naive as to think this company is a 100% cert, unlike @Fallingknife who seems to think failing is a 100% cert. The mistake I often see investors make is that they conclude if it isn't 100% one way, or 100% the other, it's 50, 50. i.e. the company will fail or it won't. This is a complete misunderstanding of probabilities... and it's hard for me to imagine some think this way, but they do!
Perhaps the probability of success from here is low, perhaps as low as 20-30%. But what still makes it a good bet even with this risk is that the returns are likely 10x, possibly as high as 100x from here. Of course, it appears most think the probability of success is even lower than that - but if a 50:50 approach were taken, which it might actually be in practice: who knows for sure!? then the sp should really be over a penny today.
In conclusion: @Fallingknife - you could be right: this company could fail, but if you are wrong what an opportunity missed - presumably one you know *something* about given you continue to post here. Don't kick yourself too hard if so ;-)
It's a weak buy from me - not one to fill your boots with, but worth a gamble if you've patience and have done your own research IMHO! ;-)
Ob.