Jinla, I doubt you’d be able to pick up any significant parcels rom now on at mid to low 5’s, and here’s why:
1. Company has enough cash for the trials (my previous thought of a placement at 6 was wrong). 2. It would appear recent slide in SP was a result of (and in this order) The Impatient, The Dubai fiasco and finally The Weak Heard Mentality 3. Sell side is very thin and IMO a couple of the larger orders at mid 6’s were placed earlier in the week to push SP further down 4. I also believe games were played with some 500k orders at 6 to flush out sellers 5. There’s a gap at 6.7 or 6.8 (I think) that will probably get filled next week 6. Calvin is on site and updates will start coming through 7. Leak of the trials will happen 8. Announcement re sale of one of the subsidiaries will happen soon
Not holding much cash at the moment but I’ll be joining you somehow if it goes back to low 5’s, good luck.
EMS Price at posting:
6.0¢ Sentiment: ST Buy Disclosure: Held
