"Funny not one person appears to share my view and yet 11.5...

"Funny not one person appears to share my view and yet 11.5 million shares (48% of the float) were purchased on Friday at 0.09."

If the VWAP on friday was 9c then you're right that some people were still keen, maybe a bounce coming. Reminds me a bit of CSS recently.

What do you mean 48% of the float? Are you refering to the original IPO or the most recent cap raisining(June?)?

The total number of shares on issue is about 60mil, so fridays turnover was about 17% of shares on issue. How many were day traders is anyones guess, but i think its safe to say the actual number churned is much less.

Tuesday will be interesting for both volume/DT's and to look for a bounce. Also the company may want to clarify things.

I think they still have a viable business going forward, just not to the scale they'd previously hoped. But with a lower market cap it could be justified.