-
Share
1,627 Posts.
26
28/02/11
12:45
Share
I used to hold this stock back in early 2010 and there were lots and lots of promises.
To date (since its IPO) these guys have not made one target yet.
Their constant lack of funds mean that they will alway short term survival.
Technology seems good ... but who cares when you cannot commercialise it successfully.
As for MOUs ... I have seen plenty of these in the resource sector and they mean nothing.
Directors seem to be the only one to be buying the shares. They may as well just launch a takeover bid and make the company private.
I follow their announcements now and then but I would not touch this company with a 50ft pole.
I can see plenty of other stocks in the market that has more liquidity, broker following and upside potential in exchange for the same amount of risk.
-