RE:RSI is 27.00.....so way oversold I would add that it may be more along the lines of the nadaq delist.
They did get it to $US 1.00 but only for a day or so and therefor the May 2nd deadline is fast approaching. This US delist seems to go a long way to explaining the rapid outflows and downtrend as we approach May.
Cost savings from the dual listing will be welcome in the shorter term as they try to go ebit positive.
the only way i see this US listing hold is via an M&A deal - which dovetails with Condor's last comments
88guy88 wrote: I think its just the market today plus its small volume......its due for a bounce...the new CEO has not even been given a chance at this point....his credentials show that he has the contacts and experience to turn it around and make it profitable....they have growth in all areas except expense control and bottom line profit......it will get there...just need some patience and give the new guy at least the benefit of the doubt to see what magic he can pull out....