the "drop"2 Nov 2010 13:48
110k sold = 2100 gbp = 500k of market cap wiped off
its simply mm games - as there is no follow through selling the majority are happy to hold and hopefully the buyers will be back
2p was resistance so thats now support being tested in non-existant volume....if a stock was to rise on no volume it would not be a sustainable rise....
as the fundies here are silly and the return is comparable to a high risk oil or gold co but with risk at the other end of the scale.
market cap is now 6 mill vs predicted average profit of 2 mill for this trading year .. thats a p/e of 3...