Because it's a weak announcement. Plus the ASX decides, and I...

Because it's a weak announcement.

Plus the ASX decides, and I agree with their decision.

Disclosure: I still hold, but only my smaller initial purchase at 0.02. I sold the rest at a loss to chase something that's got a better chance of making me money in the near term. I don't get caught up in the notion of refusing to sell at a loss.

I hope a ripper of an announcement comes out soon! Better than the one just now anyway... I really don't like stocks that have a massive amount of shares on issue though...AHZ for example. It makes it easier for those with moderate sized holdings to manipulate the price IMO