The downward movement in this price is not totally reflective of this company.
The traded volume is low and thinly spread. I am sure I could move the market if I got fed up and dumped my stock. Given traders have been trying to make a quick profit, I suspect it is them that end up dumping the small amounts they have causing the stock to fall by a pip each or two each day.
What this company needs right now is:
a) confirmation of where the company is heading
b) what has it done to date about addressing the huge debt issue.
c) extension of our 2012 debt
d) progress on the NHS programme and when we can expect cash
e) how we are progressing with the cost cutting measures
Without any change in substantial holder notices, I suspect, the share price movement is nothing more than a bunch of traders getting fed up with the company.
Perhaps the half yearly report will give us an idea of where this ship is heading. I just hope its not heading towards the preverbial iceberg.
I doubt the company spends hours each day analysing the share price chart etc.
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