how low will this go, page-2

Jason4,

Your comments on this stock treat it like any other stock, which it's not.

For instance:-

1. 'going by history seems to have good support at around 10c'

... the company in its present position has no history to go on; it has commenced volume sales, newly established production capacity, plenty of cash in the bank, multiple active markets to sell to as well as a new major product nearing release.

The last time it was 10c it had no cash and was only just saved by a single (although major) deal (China).

What is going on at the moment is weird, and there is no precedent.

2. 'if it goes under 10c well then we can prob expect 5c, just going to previois charts'

... there are no previous charts for this one. If you are just looking at the chart from 1.5 years to 2 years ago, that was like another company, almost about to go bankrupt.

The current version is more like a phoenix rising from the ashes, albeit with a few very heavy chains around its neck dragging it back down again (convertible notes; delays; sub-prime). Its wings will grow stronger and it will complete the transformation, its just copping some very heavy setbacks at the moment.

These setbacks only affect the SP, not the company, who will be free to methodically work their way towards turning the business plan into reality. Even half success would be big, because it's one hell of a business plan.

Cheers all.

p.s. extremely ugly SP atm. A relatively small number of convertible notes holders settling for 30% gains when they were looking at 600%+ half a year ago, and could have 300% to 500% in the next half year or so. A lot of desperation everywhere at the moment, and PLT is clearly not immune