I agree with moly on this , the share has strong negative sentiment. I personally can be seen on a number of posts raging at a number of delays for news and announcments ect ect. but at the end of the day this share is worth between 0.001 - 0.002, WHAT DO YOU EXPECT
and for what its worth i believe its undervalued ...
They have a fairly new and experienced board with very few old board members left, they have just completed a project that can secure and stabalize their finances and potentially if managed correctly will put the company back in the positive.
I believe the cap raising in hindsight is the correct move in this situation , the shares on issue can be fixed but the cash flow at this point cant. Given a possible short window (i personally think its got a while) for carbon trading the cashflow is needed asap.
I believe the market realises this hence why the 0.002 depth is not back at 100,000,000 shares.
With news to come this and possible new cashflow this will start to look attractive to some traders. And when this occurs we all know what happens to the share price
I bought this stock as my second ever stock, since then ive reduced my holdings and taken losses on this also realising the error of my ways. but over a year on volume is still about news is still coming!
This it may end up being the diamond in the rough, Potential 5 bagger in my opinion, but if the shares on issue get sorted who knows !!!! Regards Akap
