RE: injured cat bounce!! I completely agree Sniper.... I dont think we should get too far ahead of ourselves but I think we finally found the support that we so desperately needed to get the motivated seller(s) out of the way. I really dont think there's ALOT of people that want to sell at or near these levels.... Unfortunately there were one or two institutions that clearly NEEDED out and our retail support base was just getting swamped. The result is we are (still are) EXTREMELY TECHNICALLY oversold. The vast majority of the recent financing stock is put away in solid hands with PH&N and Mackenzie Financial...
Hopefully there's a bunch of individuals and institutions that have been on the sidelines waiting for the right entry point. Combined with some short covering and some good news... we very well may have seen the worst.
If the new board initiatives and allegedly imminent news is positive and significant, we can potentially begin to rebuild the institutional base in this stock back to respectable levels.... In my opinion... THAT is what is going to get this thing moving into the $2, $3 , $5 range that it might deserve with the right developments.