The fundamentals for the company haven't change, what has, is...

The fundamentals for the company haven't change, what has, is timing. Contract signing / revenue seems to be dragging a little longer that what some have hoped for. We have been stuck in a significant downtrend since earlier this year when the share price broke down through the 40c mark.

As one other member pointed out a few days back, we need to see the price above the 22c mark on the weekly charts before we can say with confidence that this down trend has broken. Until then, any rally back to the moving average line is being sold into. I understand that some of the shell company owners, pre covata days have been on the sell side in the past few weeks. Their cost base is sub 10c and they have no interest in hanging around for the medium to longer term and seeing CVT succeed. It's an easy decision for them to sell after seeing the company hit 60c last year, to sub 20c now, whilst still being in profit.

As for those questioning cash flow / cash burn, the company is well capitalized for at least the next 18 months - 2 years in the absence of any revenue.

There are quite a number of people interested in this company sitting on the sidelines at present, not willing to step in whilst the share price is in this firm downward channel (crazy i know), however would be more comfortable buying when they believe a bottom has been put in place. We saw evidence of this last week when one buyer purchased 500,000 shares in one fowl swoop, cleaned out the volume and left people scrambling to pick up volume.

I firmly believe that when CVT are able to execute on one revenue generating 'short term' milestone that was identified in the last quarterly update (prime tender contract), we will see some decent buying return and break the back of this painful downtrend.