That was one decent tree shake yesterday with +10mil shares changing hands and another 5+mil today.
It will be interesting to see if any of the substantial's have bailed, my only guess would be Fidelity based on price limit being breached. I tried to buy 1mil on the close yesterday to average down, and missed it by .1c.
I don't think we will see the share price back above the $0.08 mark before the EGM, unless there is something in Ted's bag of tricks he can bring to the table. It will more likely settle around the 5c in the near term.
IMO the slate is now clean, expectations have / are being reset & we can look forward to Ted's strategy for the company being presented shortly.
The only legacy near term catalysts that may come to market and surprise on the upside include the following ;
- Open dialogue continues within the UK Government and other divisions,
- Irish Government POC underway & decisions are pending,
- The Prime Tender contract is still live, with no further update / progress since the AGM in Nov 2016,
- The developer community are now engaged and working with CVT's product stems, potentially being able to build out the product and deliver into their markets.
Good luck to those very patient shareholders who are sticking it out (as Iam).
CVT Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
