Personally,.. i.m.o the only reason the sp is where it is now is the "risk" element attached to what they are trying to do and the stage they are at with the project.
You only have to look at say PTR, they have dropped 50% off their highs but are further advanced with their project. Same with GDY who are off around 30% from their highs, as we know these guys are the most advanced.
GRK are well over 100% + off their highs but have plenty of work to do over the next few months to progress their project.
I have been accumulating the stock very solidly for about 4 months now from 12c-17c with an ave price of 13.3 and whilst a little nervous with the market at the moment, i am still very confident that once the current liquidity issues run its course, GRK will move straight back to around 15c....my opinion only.
As for a bottom, gees flip a coin. I agree that we need a real positive announcement to stop the downward flow. Hungry seems the best bet in the short term. I wonder if the 500k seller at 8.5c will be there tomorrow morning if the dow has a good night tonight....i hope so !!!
Good Luck & keep the faith
Cheers
R
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