No, I don't think so. Nearly all trades over the past 2 weeks have been sells stimulated by the rising share price from historical lows. I am pretty sure there is at least one II, City natural Resources, and maybe a second II trying to accumulate as much stock as possible. It appears there is a large order in the background and the MMs need to generate stock to fill it.
Maybe we will see Arysta showing a renewed interest in Bugoil and Europe getting on with Bugoil approvals. Perhaps we could see Bugoil used in conjunction/cocktail with other 'friendly' pesticides in the future.
Casino - A word of warning. Before you get too carried away buying now, you would benefit by examining the potential cash position. There is a debt owed to one of our investors (Arysta) and we are unsure yet how this is to be repaid. Also, it appears that insufficient cash was raised at the last funding attempt. Another is quite possible before profitability can be reached. Until you can be sure that break even can be achieved, given especially that sales are stalling (I am being generous with the term there), it may be better to hold off for a time. At the very least you should consider waiting until more figures are released in July. Good luck, dyor, etc.
Difficult not to like what you see about this company, 5 years ago the SP was 50p, now with the company sitting on 15p it is indeed on the threshold of a breakout, it's product range is excellent with opportunities to progress through a better marketing and sales strategy will see increased confidence in the company's ability to achieve acceptability in the Market place. Having good quality products is only a part of the whole, getting them accepted comes with evidence through use and hence the feelgood factor that it can be seen that it works throughout it's chain of events.
We are almost there, I guess it's the buzz, underweight to overweight, you feel it before you see it happen. May just buy a few more!!
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