My theory is after management burnt Springtree, and Springtree burnt them by dumping stock with local holders also dumping stock because of the dilution, management were faced with the final option of saving the company through drastic cost cutting and and closing down unprofitable sectors of the business - about time !! With banks breathing down thier necks and with the ugly option of a captial raising at 2.5 cents they sprung into action. Note Springtreee may be a buyer of late to claw back losses and also beware this is a traders share now...any bad news and the share will be smashed up again.
ABQ Price at posting:
67.5¢ Sentiment: None Disclosure: Held
