worried, page-6

Agree lachyg91, support at 1.3 held on the 22 million share dump day. Trading range seems to be 1.3 to 1.5 at the moment.

We need to remember that Mike has just spent $98,000 of HIS OWN MONEY buying shares at 1.4 cents when he already has a 75 million share exposure to the Company through shares issued under the Director Loan Plan.

A 75,000,000 share exposure wasn't enough for Mike!! What does he know that the market doesn't yet know??!!

On the 16th November at least, the market was selling and an insider was buying, .. that's a pretty good sign of what's on the way.

Global markets are a worry though, hopefully a Euro Bond announcement on Wednesday may improve the situation...


From IGM News Feed earlier today:

[EU UPDATES] The European commission will release a study this Wed on how to combat the crisis, including proposals for issuing joint Eurozone bonds to replace some or all of the fund raising done by national govts. The EC argues the commonly backed 'stability" bonds would ensure all EZ members could meet their financing needs and provide a vast mkt that could compete with USTs. Whilst Germany has resolutely opposed to the idea of pooling sovgn debt, the FT says it could be persuaded if the scheme also includes strict rules over sovgn spending and vastly expands Brussels authority over national budgets. In the meantime, the EC is reportedly exploring plans to pool the 17 Eurozone nations into a combined single seat at the IMF to give them more clout (WSJ).