Hi Folks,
I think this is a great little company that seems to be going in the right direction commercially, look at the 6 month figures, but the sp just cannot move up.
At the moment there are about a 1/4 of a million offers to buy versus 1 1/2 million offers to sell (discounting the offer to buy 400,000 at 1 cent).
I rode this stock down from 19.5 to 14.5, averaging down on the way to magnify my losses.
The next time I have some spare cash I may well buy back in and hope the market eventually wakes up. It may be that they will languish for some time yet.
The original research I read on this stock valued the shares at anywhere between 42 and 65 (from memory). As the trading has improved since then, one could only assume that the higher end of the estimate is the fairer. Given that, they are at a massive discount of something like 20% of a fair price.
Best of luck to all that hold. You may be (handsomely) rewarded in the long term.
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