Unlike other stocks announcing agreements and terms sheets and special handshakes, the way I read this announcement is that they are distributing the test throughout the UK in to a market of 750,000 possible units p/a.
I know it is easy to think that day traders run the show, but you might find that corporate investors start to take an interest as the announcement is of commerical value.
Certainly from my experience, any company with 130m shares or so on issue producing the potential profits this company states at $70 per unit royalty would be valued much higher than present market value would indicate.
I guess we see but I suspect there will be accumulation at these levels and within a short period the sell volume will thin leading to higher more realistic valuations.
HTX Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
