director buys 1 million shares, page-12

nistrams,

Yes, I am in agreement with what I said in February.

Technically speaking the stock looked very good up to 26 March then it was clearly a reversal signal with two black candles on 29 Mar and 30 Mar. Based on this maybe on 1 April the stock should be sold because of the reversal candle (merging two black candles), but I decided to hold waiting for the announcement. Even at that time I have noted looking at the daily trades that the price was under pressure probably somebody knew not very good news are coming and as a result after the announcement the stock crossed a support level of 26.5c which had been held for almost a month.

So technically yesterday it was a signal to sell the stock, what I executed at the opening. Now the stock is in a local downtrend. At this stage there are many resistance levels. If the company is able to secure a contract then the price should cross these resistance levels then I will enter the stock. For me it better to see what will happen as the history shows that with the "imminent" issue the company has not been able to secure a contract for over 4 months.

Hope this helps.

irynka