Now that all the excitement today has calmed down let's have a look at where we are.
* $500k loan "news" stabilised the SP and market. * The SP is where it is because we haven't seen the real money in out account yet, that is Euro and/or GRES money. * Given loan establishment fee of $75k is payable in shares at a VWAP it is well understandable that the SP was knocked down and some volume churned through at a lower SP (VWAP of 0.066 today) * Just as it was understandable that many millions of shares were traded the week before the Euro loan was ann. (connections?? taking a position??) * If the Euro money had been in the account today, then we might have seen a gap up, traders/chartists seem to dislike this, so we have avoided that and should be on a trajectory of steady news flow and steady SP appreciation.
Owing to disappointment of closing previous financing deals (GRES 6 months & Euro 1 month) on timely basis the market is rightly sceptical until cash is in the bank. So now we are going into a period which should see strong news flow and growing interest as real tangible things really happen: