aquenox

Sugarbowl

I would like to share in your enthusiasm but this time round the current price, where its been, the graph, history etc are all ringing alarm bells in the short term.

Especially Aquenox. It has been over 12 months now since it was announced they planned to go public with Aquenox 10/5/06. They isuued 30m shares at 2c to raise 600k for initial ipo documentation and on going capital costs for cnn. So what has happened. They made an ann. on 20/2/07 saying they had sold 3 units for 100k. Thats it. Not another word.
Imo I don't think the problem is how long it takes to produce a prospectus but how long it takes to produce antything to put in the prospectus. Are they hanging out hoping for a breakthrough or is it a matter of timing the float for their convenience.

What ever, given its now 12 months I feel shareholders are at least owed an update on proceedings with the float, especially an expected time for entry.

If we close below 13c imo 10c and below is not out of the question as there is nothing to stop it now. If as you say Anz are selling, theres going to be a buffer there for quite a while yet and you can only beat your head against a wall so many times.

20 -50c by xmas is a dream. Always was.

2002 deja vu.

Cheers