its all la jolla's fault

most people will admit that recent announcements are pretty significant for CDY.

LJ is holding this one back BIG time, and they will continue to do so. The funding facility is for 8million, each month 200k and if the sp is under 2.5c then cdy have to pay interest to LJ. Similar to an agreement LJ has with ESI (again a great co with crappy funding arrangements)

I think the trick with CDY in the ST is to trade these spikes and try get in low. It would be ideal that we get revalued to somewhere around 4c and stay up there, but i somehow doubt it that LJ would allow that. There would need to be a constant flow of buyers coming in to support the 20% discount that LJ is entitled to. I doubt that will happen as CDY is still a spec, ST buyers only enter here on news. Once the dust settles many of them tend to exit and look for other stocks.