book value, page-4

Hi Slappi

Experience, stock like this, doesnot matter which stock, (1600 million shares on issue,) 7c 20% dumping points to 5c, 5c broken then 3.5c---(remember I mentioned early it will drop to 3c range when SP was around 5c)

3.5c many holders have to stop loss, because they buy around 7c.( they can not accept loss more then 50%,that's why many holder want to sell above 3.5c.)

once 3.5c support broken, next support is 2.2-2.8c, unless very bad news issued, SP will stable for a while. it's quite rare to see 3.0c support for stock like this, normally 2c sth.

cheers