The Week I Saw, page-17

That's what people said at 20 cents.  And 10 cents.   Sales are the only thing that will keep the SP from dropping, because make no mistake about it:   This company has massive outgoing expenses relative to its income, and will not be able to keep going to the RI well forever to feed them.   There's a reason that this one was put to existing shareholders:  lack of interest from instos.   The last RI failed Bell Potter miserably, even though when you read HC at the time there was no way the SP would drop much further than the issue  price of ~11 cents.   One month later:  7 cents.  There has been minimal recent progress on the sales front - progress means increased revenue.   Based on announcements, it's unlikely that sales over the next couple of quarters will be significantly better than the last quarter.   The SP will continue to dwindle lower as a result, unless there is a major sales development.   This is what history has taught us.