The market is distorted... few people know of this project and even fewer people are interested in IO in the current conditions (only from the short side). There are only a couple of low ballers on the buy side, good luck to them as they may catch a few bites if people need their cash. Hard to see anyone wanting to sell at current levels when funding has consistently been gathered from sophisticated investors at 20c.
What we need is some economic interpretation of the results to stir the market.... hard to understand that the company has not sort to highlight the potential. Mind you, now is probably not the time to get a good reaction from the market... just keep ticking the boxes... and wait till the smoke clears. Good time to be a low baller.
MAU Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
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