where to today?, page-43

Yeah spot on Slew

Wish I had followed previously on the stock. And right on regarding numbers.

The $10 million they want I thought might be coming from....trying to think of the word...venture capitalists type group...not sure why I thought it...but maybe just coming from the standard Australian broker placed at a 20% discount to the price.

$10million is a bit for someone like CNN to raise however landing 35 KFC outlets as a client is a good start to show a broker or bigger investor that the product is not conceptual, its actually commercially desired out there.

I like CNN cause they landed something and its green. Yeah they are just bioplastic but from my background its simple but all moving that way. Anything bio-degradable over a short period of time yet used out there is definitely what we all should be using.

CNN has competitors though....one straight out is www.becausewecare.com.au

They have signed one customer so far.... Target.

Basically Target after a certain date said bring your own bags or you can buy one of these compostable bags, normal size 10c, Large 20c.

So although a competitor to CNN.....we can see the major retailers are going this way.

CNN just got 35 KFC outlets. Becausewecare got Target.

There are a lot more out there to sign up so I hope CNN's marketing and sales team are well chosen, aggressive and hungry to bring in the money.

This also is just the bags....there is a lot of other products....looks like cable ties even are one of theirs.

More customers....more customers....just keep signing CNN.

The only one big concern I have left is the selling I saw.

If you look deep into the trading that happened when it jumped from 1.9 to 3.9 and back down to 2.4...now 2.2 you can see traders most likely ran her up, but with the run down which was aggressive in nature, it was really well controlled and forcible in nature with consistent capping, holding, moving it down more, big orders placed at the top of the sell, any suggestion of traders wanting to push it back up was met with 200 or 300,000 sell orders dumping to knock it back down, sometimes taking it down 2 steps to almost say "back off...dont try pushing this up".

So my concern is.....is there a bigger holder / player with a vested interest in keeping CNN around the 2c area cause it seems like it to me. And seriously....if they are trying to raise $10million and around the 2c area....what would be the value in that for the company.

Not much in my opinion.

So I personally am concluding that their is a bigger holder / player / interested entity external to the company trying to keep it at the 2c area for some reason...could be just wanting to get people to sell to them having enough of the games, could be planning a takeover at this low level.

Seriously...I have no idea but can see through the controlling of the trading of CNN that some entity wants it here.

Early days anyway after that good run up it had...so could be as simple as someone just accumulating and they may be done or close to what they want and they let the breaks off.

All very interesting anyway and the only thing is time will tell what was happening right now...but down the track.