Similar trading patterns as DTL in 2001. Morgans were dumping into lower lows every day down to as low at 30c. Went on for ages. Company was fundamentally cheap and growing. Eventually got to a peak of $17. Took years though. Then they did a 10 for 1 spilt.
The stock didn't gain real traction until small cap funds bought in. Then it took off.
Not saying this is going to do the same ($17) as DTL only had 14M shares on issue at that time for a $4.5M market cap. However, I can envisage some small cap funds getting into SP3 if they continue to grow revenues over the next two quarters.
We all want the price higher but you need to be patient in times like this. There are stocks being sold down into lows across the board. It's a really crappy small cap market with only a few exceptions.
Look at FZO. Recently announced global deal with Alcatel. Stock down again today. For traders this is a crap market in most stocks.
Ann: Market Update, page-10
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