another bad qtr

Got out 1st thing this morning at 6.2c. It was interesting to see some dummy buy orders sucker people to buy this stock up this morning.

Forget the sales pitch at the start of their qtr report, things are looking dire at the moment and for me my patience has run out after one lie after another.

The thing that saved them a little this qtr was govt grant of 268,000. sales were 94,000. They need to raise more money but who would buy into a capital raising now? The repayments of loans seems to be increasing quite a bit and not much cash left. They need significant sales in the next 2 mths. Too much risk for me. I still have some options so wil benefit from a turnaround but short term this stock should head below 5c easily.