"You maybe asking what is going to get it up to the teens well your guess is as good as mine maybe a little bit of manipulation or good news which has been held back."
I have the answer.... $110,912.10 will take out everything up to the 11c mark. That will put it up into the teens!!!
I understand how people are feeling, and the frustration that is going around. And it is fair enough - there is a major lack of communication going on!
However lets point out some things. 1. Don't the directors own shares as well? If they've owned shares since the start with a list price of 20c (or was it 30c) - aren't they in the same boat - their market value is down 75%? How much do the directors actually own? 2. The share price continues to decrease on small volumes. Which tells me that there are no buyers, and that some people are either having/wanting to sell or are manipulating the SP for whatever reason. 3. Looking at the sell and buy side, how easy would it be to manipulate the share price? As I said $110k will get you back to the teens. $19,751 will get it below 5c. When are talking sums like that - fluctuations should be expected, and will be continued to be experienced.
Plain and simply - there is no interest in the stock at the moment. Anyone wanting to sell has to do it lower and lower every time.
Those that say - the market knows the real value of the company - what a crock of poo (won't use other word). How often does the market over/under value stocks when they don't know what is going on, or is making unguided assumptions. This end of the market is always speculative. Always. You definately risk your money down this small end of the market. You win some you lose some. Put all your eggs in one basket and your a fool! Not a commonsense approach to investing (learned that the hard way)
*rant over*. Sam
KEY Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held