blackphantom: Did anyone stop pumping when the shorts were feeling it when the SP got totally pumped above $1.50 or ~1,000,000,000 market cap with no revenue in sight?
Any shorter can still see plenty of downside potential from current SP based on fundamentals that have been clearly spelt out in the recent annual report and cash flow statements - Gurame was the last hope and is a duster that did not even reach the stated depth.
Bottom line, there is 3 cents cash backing per share and just Administration and shut down expenses will take out most of that in the coming the year.
MEO Price at posting:
7.4¢ Sentiment: ST Sell Disclosure: Not Held
