$3k exchanged at 9c on the open this morning has put her on the dreaded top % falls page with a 30% drop from the last sale. Pretty meaningless I know, but it suggests that people are starting to get impatient for news. In the last quarterly, the board stated that they were fully aware of the company's tight cash situation and were already planning financing options for continued operations, acknowleging that contingency finance is warranted and that they were in discussion with financial groups to provide a convertible debt facility. This was expected to be resolved by the end of the June quarter, so with no news yet it appears that they might be finding it difficult in this market.
MUB Price at posting:
9.0¢ Sentiment: None Disclosure: Not Held
