Just hit a new 52 week low, and at end of week to make it worse as all those chartists out there will tell you. A weekly low looks bad. Why has a major shareholder (since the IPO ) sold down from 9% o under 5% over the last 5 months?
Why didn't the Directors part with $5000 each to support the SPP?
Why don't they tell us the progress of the multi centre trials in the US?
Why won't Directors tell us how sales forcasts are looking, instead of hinding behind Pentax "disclosure" excuses?
Why don't management try to develop a profile with Brokers to promote the stock instead of relying on audience friendly feedback from the already converted i.e. the DDW crowd? Is it because they know more than they are telling market?
Or are we just seeing tax loss selling because OIL is 50% below its 52 week highs of 63c? I guess we will find out eventually but after being a supporter of this stock since IPO I have sold my substantial position (substantial by my standards...not the ASX's).
I am concerned with the lack of transparency and the drifitng shre price. Amidst a 4 year bull market, OIL has failed miserably.
Sad to say it...but that is how I see it.
Coop
OIL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)