A takeover announcement is about the only thing that will provide upside in the short term.
Outside of that the market is probably going to sit and wait for the June 30 sales figures. This probably won't be enough to bring demand into the market, maybe a profit for the financial year might do the trick but this won't be released until Dec at the earliest.
A takeover is the miracle that shareholders need but lets face it they probably wouldn't offer more than 20c a share anyway but hey that is more than double what they are worth.
I have noticed that days where the volume has increased the share price has gone down so maybe everyone should just stop selling then at least the share price would hold at 8.5c. I think this would be a positive.
A takeover announcement is about the only thing that will...
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