I see a sp bottom this week. Indicators look pathetic now and are falling, but a reversal seems evident (only because the management would want to get every possible oppie converted).
Towie what I see is that if management fail to drive the sp up and just let it fall then they will loose conversions eg. if the sp falls to 4 cents (seems likely looking at the charts) only the die hards would convert, true?
Anyone else would go and buy on the market <4.5 cents.
Also come the 1st March with all those oppie conversations around the sp would fall naturally. Bottom line; management need to put a stick down the ants nest.....give it a stir otherwise the company will loose an investment opportunity.
So again I ask ;is that possible and do they have a reputation for ineptitude?
Seems there are a lot of unhappy punters out there.
BLR Price at posting:
4.3¢ Sentiment: None Disclosure: Held