I am not much of a chartist but it seems if there was a gap at 12 cents it is now closed (closing?). I wondered about this a couple of months ago and sure enough the market came through.
A couple of things are holding this back in the short term only.
Firstly, the company cited that they will only have 1000 units available by december so obviously there is a short term restriction on the number of possible sales.
Secondly, they cited in the annual report that the FDA application will be finalized in this calendar year, which was a slight change to previous reports that it will be done by september. The inevitable sell-off ensued on very low volume.
If they clear the 1000 units by december I think we can then enter growth mode and in relation to a previous post by James666 who is close to the company, we may see significant sales in the order of 50,000 units per quarter within 2 years.
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