This won't stay where it is. It will overreact southwards, or give in to buyers and rise back to 3 to 6 cents in the short term. The uncertainty and lack of management professionalsm comined with past history casts doubt on the stock, as reflected by current activity, but one thing is for certain; The buyers seem in control currently. No upward volume or on market buying, other than depth-orders in case it falls. This more than likely indicates syndicated support barriers, probably institutional or corporate, considering they're proposing to raise 7 Mill $$ at 3.5 cents. Still extremely speculative. Worth a punt, but still very risky, given who, where, when & why. Probably a better punt now than its ever been given where the SP is, and the upside & potential. You way it up. Race 5, horse 2. Simple as that - Good luck with it.
PDY Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
