Riddlers Post26 Jan 2015 11:51
basically after the US/canda pension reforms INC get 1% of secured deals, they won a 1% of $30mln deal in novemeber and they hint of more to come, there were lots of loan notes @ 0.10p and 0.25p to convert but lots have been converted over recent months, the biggest thing i noticed at weekend was the golden cross forming on the 12mth chart, 50 day base, 3SMA graph type, with a breka of 0.2p giving way to potential 0.25p, 0.30p and 0.45p horizontal supports from the 3yr graph ( fallen from 2pence to 0.04p in last 3yrs)
chunk @ 17.4p 1) golden cross of the 200 day MA due this month = very bullish 2) 3mth and 6,mth support good 3) more deals like the 1% of pensions due 4) new investors on board 5) break of 0.20p is massive downside 1) still some cheap lona notes ( but thier conversion has helped INC finances)