how low can it go, page-3

Since the basic prospects for CWE at the moment are excellent, there is only one reason for the sell off: 'loyal' shareholders are selling in anticipation of a fund raising which will have to be at a discount to whatever the lowest price gets down to. Hence we have the avalanche effect at the moment.

Wouldn't it be a surprise for the sellers if management, knowing that a grant of some kind was imminent, held off the raising until afterwards. That would produce a real step up in price. (We look for some positive morsels of hope under every stone.)

Juke