remember that there really has been no financial reason that the SP has been creeping up except speculation. we have a company that has not sold anything, has not developed anything, has no current customers, and has not really outlined how they plan to make money. I am sure the market was expecting the Ann to answer one of those questions and when it didn't well the market reacted. it wasnt a huge sell off, there wasn't huge volumes so it is not doomsday.
my thinking is what has changed since the listing date to warrant the rise in price? we have a LOI with telstra and a new director. that would make up for a little rise but nowhere near a doubling of the price. right now we are in the dark about how the company will make money. until that is cleared up i see no reason for the price to go anywhere.
3DM Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held