first trade of today will be.., page-23

hi delta, with respect to the major holders, who are in at 20c and higher, well i can't really answer that question authoritively.

as far as the company is concerned, what i have been told is that they are trying to rebuild the reputation of both themselves and petra capital by doing things in the right order.

hence they are working on bedding down the deals that they feel will justify a rerate, instead of trying to promote what they think they are worth, which is perhaps the mistake that was being made in the past.

but making an educated guess, if the company can keep a stake in JV, pick up a decent amount of capital, and negotiate a reduced equity commitment on the K project, which is what i am told they are currently making progress on, then i am pretty sure that the liquidity issue will no longer be our problem, but the problem of buyers.

volume is not really going to kick in here until the shareprice is over the trendline, as is typical of any microcap. but when it does, i am confident that it will be founded on astute business acumen rather than heresay or hype, which, it has to be said, provide much better support for thinly traded stocks.