Investors who participated in the recently closed Hapbee Technologies (HAPB) private placement in July at CDN $0.30 per share (including, 0.5:1, $0.50 warrant), apparently held tight and woke up to a nice mid-day surprise.
With no sellers anywhere in sight, the first level buyers found someone willing to sell, was at $0.50 per share! That quick (90-day) gain of 66% – might have looked nice at first, but later looked like “Oh no, I shouldn’t have sold.”
By 1:45 in the afternoon the stock was trading at $0.75 – a gain of 150%. Whoops, can’t kiss all the pretty girls. An hour later, peak intraday trading took the share price even higher to $0.87, up the equivalent of 190% for the private placement buyers. Not bad for a few month’s investing work.
Hats off to the company and its advisors for rounding up a group of patient shareholders who on their own, decided to hold and see how things develop in the coming year and resisted the temptation for a quick gain.
At the end of the day, trading volume stood at 942,170 with a closing price of $0.74, This gives the company a modest (in our opinion) valuation of just $33 million, with 47,294,140 shares outstanding.
October 31st, 2020: Hapbee (HAPB) Soars 136% the First Day of Trading!
October 28th, 2020: Hapbee (HAPB) to Commence Trading on the TSX Venture Exchange.
Spetember 3rd, 2020: Video: Hapbee Testimonials.
March 6th, 2020: Whitepaper: Effects of Magnetic Fields on Biological Systems.
Or bookmark, Hapbee Technologies (HAPB): Recent Headlines.
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Factors that could cause the actual results to differ materially from those in the forward-looking statements include, failure to obtain regulatory approval, the continued availability of capital and financing, and general economic, market or business conditions, changes in legislation and regulations, increase in operating costs, equipment failures, failure of counterparties to perform their contractual obligations, litigation, the loss of key directors, employees, advisors or consultants and fees charged by service providers. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management’s reasonable assumptions, there be no assurance that the listing of the common shares of the Company will occur. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company’s forward-looking statements.
Client, see upcoming report for disclosure and disclaimer details.