I feel as I've said, that it is likely that icar are going to have to come out and say, 'we're not going to reach our break even point as instructed and we need to do one more cap raise'. Do people think the sp bottom will be before or after this? I figure insto's will want to create some fear through some heavy selling after this is announced to scare retail into selling.
Personally I think 42cents is a good price, but I also think it will go lower first and this little two day run may be a pump and dump. I think Icq has some scope to go lower with price to revenue of >15 as Mal alluded to.
ICQ Price at posting:
42.0¢ Sentiment: Sell Disclosure: Held