ukrazy, page-4

haka

I am a supporter of the technology, but sold out a couple of weeks back because it just isnt stacking up as a great investment at the moment. Any money put into this has to be money you are prepared to throw away or a least willing to sit on for a very long time.

IMO, the recent capital raising indicates that management expects the share price to go lower than 40 cents and be there for a sustained period. They didnt need new cash til at least early next year. So they must of thought that 40 cent now was a better bet (pardon the pun) than waiting til then.

The downtrend is strong and sustained and there is not point trying to pick the bottom with anything other than cash you would take to the races or casino.