Friday, 2 March 2007

Monthly Market Commentary: HydraLogic Systems

The stock remained flat this month with the exception of two brief spikes in price mid month which were more based on the lack of volume. Prior to month end, the stock dropped back down to close at $0.40.

We believe current market conditions can be attributed to HLS' previously-announced $8 million financing, expected to complete on March 30th. It was clear that HLS was going to need to raise capital, which can often stall a stock from rising. See our prior post on HLS for more financing details.