I have to agree with you on that point. Not to mention this is still quite low volume with only 350k traded so far (from CommSec, so wouldn't include any ChiX). Overall quite low in the scheme of things, I mean a similar at market buy would push the price back up to 25c judging by the current depth anyway but given the lack of activity NTI isn't quite as loved as it was on listing.
I can't lie that seeing the price plunge like this doesn't hurt a little but I've been burnt many times where I've just sold because of the current action and the share price recovers shortly thereafter. Not to mention that no one selling at 16.5c could possibly make a profit, and even the people at 18c-20c unless they bought in at the low earlier today.
Look at SGH recently (didn't/don't hold) when they announced they needed the support of creditors to maintain their going concern and it dropped 30% on the day and then was up 40% the next.
It would be better if there were more results which can be seen to justify the cash burn, such as more significant progress for revenue but we will just have to be patient. Fingers crossed we'll recover in the short term because Italy is only one supplier and even if that doesn't follow through the pipe line is being established for elsewhere to not limit ourselves. The phrasing was definitely a hamper on any potential turnaround though.
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