I would like to think that the CR (which I was totally against) was the major reason we are trading at these levels but I doubt very much if that’s the case. Practically all small shares are trading lower than last year and many are near or at 52 week lows. Many will have noticed that smaller company announcements appear to have strangely dried up which is not helping the cause. Whether it’s because they have limited impact in this environment or validating the IP could give rise to an opportunistic T/O I’m not sure but as frustrating as it is atm the environment will turn at some stage along with our SP.
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