Having read a number of posts about this company I thought it prudent to do some research.
Facts:
The company produces 5 toxic free, environmentally friendly broad spectrum biocides which MAY or do have significant applications in preventing infection, in crop protection and as general disintectants for domestic purposes and the health industry.
Yesterdays announcement sparked a "get rich quick" frenzy in that traders believed that Citrofresh had discovered a cure all. The results announced yesterday warrant further trials and are yet proven as an effective defence against HIV , bird flu etc.
Potential
Nonetheless, I am sure such trials will occur and IF further posive results are found this small cap is sitting on a proverbial gold mine.
From a marketing perspective, how popular will these products be domestically if they can claim to attack HIV and the Bird flu virus (regardless of whether they can be utilised in an effective manner if the virus has already been contracted)
Currently trading at half of yesterday's high the fire has definitely receded but the company is now in the speculators spotlights and any sniff of good news will surely reignite the rumours and the blue sky storys.
Isn't that what traders dream off. At 35c it is definitely worth a hard look, despite many traders being badly burnt.
Nearly 7 million shares traded today at an average of 42-43c (est). i wonder what tomorrow will bring
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