Yep - I have been in this situation before, where there has been a decent retrace after a big rise, only to sell near the bottom, and watch it consolidate and surge to new heights. I strongly believe this is where you earn your money in the market - it is easy to hold when the SP is rocketing every day! Why do I think this is setting up for a larger rise? Faldi and co are paying themselves peanuts and have a large amount of skin in the game. Nobody works for free so it is clear he wants to generate value for shareholders (himself included). The fact that they didn't pump the sp with fluff announcements during the rise, and did not pull a CR reinforces to me that they expect this will go higher over the course of the year. Another poster mentioned that Faldi does not want to pull a CR for as long as possible to minimise dilution and will exercise options first for cash if necessary. To put this in perspective - at a $150k cash burn a quarter (minus any revenue from Akela), OOK can comfortably operate for the rest of this year and make another acquisition similar to Brontech, without even having to dip into the option cash (which is another $1.5mil). This is not even close to playing out yet in my opinion and now is the time to accumulate for the next surge.
OOK Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held