Market Cap = Recent Capital Raise!, page-3

Depends on their cash burn rate. Looking at financials they have a burn rate of $2.6mil per QUARTER. So its been a month or so since CR, So they might be down about $800k on their CR. So still over $11mil cash. See what im saying about oversold to the hilt!

If they had no cash, let this drop to 0.1c, but 1:1 cash; with end of cycle (ie. r&d done, now moving into sales, etc); the SP is ridiculous.

BTW: about 1 mil bids have been sitting at 3c waiting for sellers for 15 mins now. Supply is drying up now, also check this reversal chart.

As mentioned a couple of posts ago, all day i trade pullbacks that are clean and have a high probability of re-testing resistance in the short term. Part of this is looking at fundamentals and this in particular is typical of being oversold.

Green line below indicates inverted retrace from today's lows. In theory this will be tested today