bloody lost from 60c, page-9

gizard, look i entered today in the lows 40's and was very suspicious when it fell to 38c.

The point is that, yes the stock did go up 422% in under two months but this figure fell to 230% today.
So, we are not in disagreement here.
However, this is a massive drop by any one's standards and should not be brushed off as the action of a few daytraders. From what i can gather most holders here have been long time investors. They are hardly going to sell at 38c after having seen their stock climb to 60c. I'm sure they are not that stupid.
This stock is still today getting media coverage (touted as a cure in a NZ paper today!) and like i said in my previous post there are a number of very imminent developments. The fib figures and the retraces you quote are coincidental but of course they may provide you with comfort as i'm sure they will many others but they are not the drivers.
There is absolutely no doubt at all that on the results presented thus far the upward momentum should have picked up again at around 50c.
I feel lucky that i was able to pick some up today in the low 40's and some more at today's close but i feel sorry for the long term holders that have had to suffer a totally unnecessary retrace from being up 422% and then a massive retrace to 230%.

If this stock can be pushed down to around 30c then the 11c and 20c shares promised in the LOI will look like an excellent deal.
BUT
you can throw that non-binding LOI in the bin if this stock resumes its upward momentum in the next few days and weeks...IMHO
Remember it is non-binding!!

Very, very, interesting developments.