RE:RE:Need some insight please....Great post!
"It's a fair question and one of timeframe.
If you take the last 6 months the share price has done incredibly well.
If you take the last 3 months it's done pretty poorly because it got overbought post Biocloud announcement and then retreated
If you take the last month it has almost doubled from the low
If you take the last week it has gone up a bit - surged when there was an intimation of an uplisting but then retreated
Bottom line is this. The market is refusing to price in any speculation to the stock and so announcements around distribution agreements and so on have basically no material lift. The uplisting intention announcement got things moving upwards because people started to infer revenue projections from the uplisting requirements but most of that growth has now been eaten out of it by profit takers and debenture redemptions adding shares to the market that have been absorbed but have depressed the price.
This stock is a coiled spring (as you saw with the rapid rise at the end of Monday), the moment there are order confirmations for Biocloud it will absolutely rocket but the market has been saying for the past month that nothing material will happen until that moment.
Good news is that they are inevitably coming and i hope they are material in the aggregate and that we have a few headline brands (McDonalds and others) that give this some sizzle to go with the steak.
Hope that helps and GLTA
HT"