To the newbies jumping on this stock what needs to be considered is according to the company financials they have raised and spent nearly $200m in developing their technology over at least the last decade. When things went pair shaped about 2 years ago this research was written down to about $15m in value in the accounts. Should this not have occurred the book value would be at least 2.0 cents a share compared to the current SP of 0.7 cents a share.
Some other spec companies are going ballistic at 20x with far less research and development.
CCE Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
