Member Info for shamI89

But it can move upwards as well.Hard to predict I am watching it but I would want to see some sort of buying pressure.

I have been watching it for three weeks and it is being driven down by algo trades and we see big sells.It should bounce back but really hard to predict.My guess is it can be driven down to 120 or lower by the looks of it.

Hard to predict a bottom, we either have a background seller or algo trades are driving the price down.Better to stay on sidelines and wait for tide to turn!

Money was moving it over last couple of days which led to some short closures.It would be interesting to see if it gaps down later on towards 200.

Hahahaha you make me laugh, company has paid 2 million to PR firm and I am sure company released a RNS to clarify situation.

ACF reserach is not independent, it has been paid for by company.

Well that RNS does not make any sense, "progress" means nothing.When they secure funding mrket would react accordingly.Right now warrant holders are milking it and management is responsible for that.

James in these sort of stocks your style of trading style can only work if there is no liquidity.Mug punters camt absorb this selling!

It was pumped and dumped by usual suspects until warrant holders got involved and since than these guys had no influence over share price.Retail interest cant move the share price until warrant holders stop selling and warrant holders wont stop selling knowijg fully well that company wouod run out of cash soon.

Total revenue is 1.4 million and once you add administration costs and other expenses it is a loss-making outfit.

Runs out of money it can get into new death spiral funding and amazingly company has not disclosed any information about its balance sheet at all.Whenever a company does it you know that it is trying to hide something.

Warrant holders with potentially unlimited supply and mug punters.Warrant holders pause selling for some time to trap new mug punters in and then dumping starts.As far as "mutlibagger" . brigade is concerned, they were saying same stuff around 50 and share price has lost 95% since then.

That research was paid for and a big chunk of money was spent on PR compaign.Company had a chance to come clear by giving out exact figures.1.4 million revenue wont last long and it is loss-making company.There is only one source of income and that is countless "mug punters"

Mug punters are being played here, selling pauses for some time and mug punters get excited and then it resumes again. 33% profit for warrant holders here.

No figures have been given for administration costs?

Company can run out of cash soon and there will be another death spiral arrangement on the cards too.It is a vicious cycle.Company got into this death spiral funding arrangement, PR firms were paid to pump share through dodgy articles and warrant holders had a chance to start flipping their shares for unimaginable gains.Mug punters were providing them with liquidity.

Mug punters anything above 4 would give warrant holders a chance to flip their shares for a tidy profit.Selling would pause for a bit to let volune build up before they start dumping again.TW reckons there are other warrants too and company would run out of cash soon.

It is a risk here as cant find cash position of company and last thing shareholders want is another of these death spiral funding.

Looks like company will need more money.Equity is worthless at this point

This company has only one source of income and that is countless mug punters.Total revenue for 6 months is 0.77 million.