lowest price for 12months., page-2

belly...

If directors are to be believed; everything is progressing well; the cheque is on the way; the NASDAQ listing is motoring along; etc, etc, etc...

But looking at the daily activity, you would be forgiven for thinking the receivers are about to be appointed!

Over 35m shares have been sold down in just over a month, taking the price from 8c all the way down to today's low of 1.6c...the majority of which were sold under 4c.

Even if it was mainly the escrowed shares being dumped, they wouldn't drive the price down this low, this quickly unless they were in a real hurry to get out!

Interestingly, had the seller sold only a third of what he has so far...ie about 11m shares...and done so in less of a mad rush, the market would have been able to cope much better, the price would have held up and he probably would have received the same dollar value as he has to date.

I won't be touching them till they announce they have banked the cheque and funds are clear!

Cheers!