What we said:
Q-Free's customer for the Jakarta ELE project is likely to receive financing from EksportKreditt Norway. In the two years since the contract was granted, investor sentiment has shifted from enthusiasm to depression. Alexander Hansson, son of Nordic American Tankers' CEO and a speculator, bought shares at NOK 22. He recently capitulated, disappearing from the top list of shareholders as QFR shares collapsed to NOK 12.
What happened: Before we could finish our presentation EksportKreditt committed to finance the ELE project. Q-Free shares rose 25% in a single day.