I hope you guys are right about the imminent good news announcement from CKK to the market. In my experience when the company underwriting the cap raising ends up with the shortfall it results in a medium term cap on the share price as Cygnet sell into any price rise as they unload at a profit without regard for longer term prospects of the company. Rarely do these companies buy long term, that is not their MO.
I think we have to look at the situation objectively. The shareholders were overwhelmingly reluctant to give CKK any more money even though the GT3000 is looking promising. I seem to remember similar announcements about the (forget the name) widget that sends data from the bottom of the drill hole. Hope I am wrong as always !
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I hope you guys are right about the imminent good news...
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