Yesterday, 3Dicon Corp (OTC:TDCP) stock flew up to new highs unexpectedly. In addition, the company’s shares closed the trading session with an eloquent Doji- the best signal for investors’ uncertainty.During the trading session, the stock of the developer of groundbreaking 3D projection and display technologies booked a new 52-week high at $0.03 per share in a doubled average trading volume.
The price record came like from nowhere, or at least with a enormous delay. The last available news about TDCP is from last week. Then the company released the appointment of Dr. Brian G. Hoover as the company’s Vice President of Technology Development (VPTD).
Though the statement of the new VPTD that will “help 3DIcon bring the latest advancements in 3D imaging to market” and will inspire investors, on the same day the shares price dropped down 2.11%. For sure, this was not a mirror of investor non-appreciation of the news, but the faintly downward direction of TDCP stock continued even on the following day.
Maybe, some investors were waiting to read the official disclosure of this crucial development in the company’s SEC files. As of today, TDCP has no such a disclosure done.
At the same time, during the last two trading sessions the shares price succeeded to advance on no recent company news and an earlier press release.
“How to price TDCP today?” is the main question that investor ask after yesterday’s record was topped.[BANNER]
If we look at the last monster stock rush at the end of last year, it is not difficult to see that TDCP exploded up in three days, to spill down faster in just two trading sessions.
The main reason for TDCP’s burst was the so called renegotiated “Sponsored Research Agreement” (SRA) with the University of Oklahoma (UO). According it, 3Dicon Corp. succeeded to negotiate its debt conversion, making UO a holder of approximately 8% of the outstanding common stock of the company.
These days, the scale of the shares’ stir is smaller than it was in December and the news released are not yet filed to the SEC. Looks, this time the long-term bullish mood on TDCP may not be parallel to the short short-term upward share price direction.
