We went on quite a nice little run, after closing 3 days in a row at $1.31 on Nov 16/17/20 we then had 5 consecutive days of gains with increased volumes.

Nov 16/17/20 had volumes of 15,935 / 23,307 / 22,700 respectively.  That's a 3 day total of just 61,972 shares across all trading platforms.

Then Nov 21 saw the start of the climb off that $1.30 area base as volumes increased.

Nov 21/22/23/24/27 saw closing prices climb to $1.36 / $1.40 / $1.51 / $1.62 / $1.64 on volumes of 64,463 / 37,649 / 118,753 / 159,497 / 119,124 for a 5 day total volume of almost 499,486.  

So on the days we climbed average volume was almost 100K.  Now we've gone down the past 2 days on volumes of 42,635 and 59,207....

100K average volume on up days, 50K average volume on down days is a good sign in my books. 

And remember, Beacon only showed up on Thursday the 23rd, and over the Thurs/Fri/Mon they bought a total of just 45,200 according to the visible trading data.  That's less shares than I own, and I'm sure many here have much more.  I don't think they're done, I just think they took their foot off the gas to slow things down.  I expect they'll be back and buying before too long, next week at the latest.  

As the subject line says, I'm not worried.....but that doesn't mean I'm happy.  The reason Beacon and in particular Hepa with the $87 million placement, the reason they're getting in so cheap and establishing (in HL's case) an almost majority position, is because Resverlogix has been tarnishing their image as I see it....

A public company to me, I consider it to be like a house for sale on the Real Estate market.  Anyone who has ever sold a home knows that "staging" counts.  You don't want people coming to view your house with the lawn overgrown, dirty dishes in the sink and the counter messy, the floors dirty and the windows all smudged.

I view Resverlogix as being a very valuable property....and being public means there can be people poking around it every day.  If over the past year or so they'd done a better job of presenting it I think the PPS could have been much higher, and maybe they wouldn't have needed a financial hardship exemption to get a financing deal approved.