i agree with your much of what you say Mac but the very moment i am at break even on this stock i will be gone for good.
why? quite simply because imho the board have no credibility based on the 1cps rights issue. i know of people that are still holding this share from the last placement @42cps. what kind of management waits until the sp is at its absolute record low price before effectively doubling the scrip in a massive capital raising? looks to me as if the board have probably done a "you scratch my back, i'll scratch yours" with KTM and have probably loaded their own pockets with 1cps stock.
in the past 48 hours i have spoken with around a dozen fellow traders/investors and everyone is thinking the same. no matter what DDT announce in future will be taken with a grain of salt because the board have lost credibility.
good for a trade but it would take a braver man than me to hold this for any significant period of time.
DDT Price at posting:
1.9¢ Sentiment: None Disclosure: Held
