Laidback28 Oct 2009 22:34
Theortically back to 13p....the price before it rose on tentative bid euphoria. A lot of PI's will be getting bored or spooked with no news. This will be getting exascerbated by a tetchy market with many predicting a double bottom. You either sit out the storm if you have faith or hope in the company, or take your loss if in from 20p or reduced profit if in from 6p.
This started rising on renewed confidence that management have got to grips with previous issues and on director purchases. That took the share to 13p from previous lows of 4p.
We need news and confirmation on the contracts. Very quickly up to 30+p or quickly back down to 6p if the results aren't up to expectations in November...... Good Luck and hold your nerve!