Beard - was not making a judgment on the number of shares outstanding and how we got there. Just stating that it will be extremely difficult to move the price north with that much stock on the market. Hind sight is always 20/20 - no argument there but the SP suffered enormously because of the continuous promises and failure to the deliver in the past. Then, when they ran out of cash, momentum was gone and people were sceptical (and, by that stage the market also had well and truly turned) all of which led to having to give away a lot of shares (probably an additional 300% - 500%) then had they delivered anywhere near there original time frames. Hope you are right and the price will pick up (but I know of very few companies with in the billions of shares on issue around these price levels that have done so successfully - or you can wait for the dreaded reconstruction). I know there are plenty of companies listed with a billion plus on issue but not many of them fire back up.....
TNP Price at posting:
0.6¢ Sentiment: None Disclosure: Held
