Great conversations about MEB. I've never seen so many people chatting about them. I bought MEB way back when they were BPO , had my shares smashed when they converted them to MEB, bought more, then got smashed again, bought more a few more times and smash amash smash and now historical lows.
I want to buy another parcel but my track record is 100% FAIL.
We had a small bounce today. Looks like a dead cat bounce to me. Chart suggests the next sell of will see it around 9c.
The cheaper it gets, the more likely a shark will swim in and take over. I'm surprised it hasn't happened already.
IMO once it slips under 10c. the take over offer will be at 10% discount to the market, and they might see this as a good offer because of the downward spiral and lack of sentiment.
So and only my opinion, that 9c will be about the bottom for MEB.
I hope not. Good luck to all of us.
Phelps in the news about Medibio, page-5
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