the ferret

A more balanced article from the Ferret.Remember Full Disclosure is THE AGE gossip column."The CITROFRESH (CTF) announcement almost sounded like it came
from the pulpit.

It intended, it intoned, to "take full advantage of this
opportunity by delivering non-toxic alternatives and providing a safe
solution for the world's future".

The evangelical touch was almost fitting, really, given that
shareholders of the company were in seventh heaven after a remarkable
day's trading.

Except, however, for whoever it was who decided that yesterday
morning was the time to sell - at 22.5c - that is.

The market want berserk after that quiet opening.

The shares topped out at 70c and were down to 53.5c, still up
32.5c on the day, when a trading halt was called mid-afternoon, pending
another announcement.

By then 19.4 million shares had already changed hands, equal to
more than half of total issued capital of 37 million shares.

Investors have a nervous wait as to the contents of the new
announcement.

It's amazing the company did not call a trading halt for the
first announcement.

Surely they realised it was dynamite for traders.

It isn't every day you get a company announcing test results
had confirmed its products were effective against four major virus
types, including HIV and avian ... and the flu, colds, SARS ...

It sounded like the holy grail of the biotech world.

The company even said in its announcement that the business of
preventing the spread of viruses was a "multi-billion dollar market".

The market value of Citrofresh is still only $18m"