Next week.A support level @ .15 has been nicely devloping. It will be interesting to see if this can be maintained next week and beyond. If so, then things may be developing behind the scenes.
I often wondered where the light is at the end of the tunnel with this company. It is probably going to be in the next 12 - 18 months. Note from the Ubequity website:
"We typically enter an opportunity at an early stage of a company's development or at a juncture where it needs to be restructured and reinvigorated. We work quickly and aggressively, and place high demands on the companies with which we work. We only get involved in opportunities where we believe we can effect a sizeable improvement in the valuation or liquidity within 12-18 months. Ubequity takes a significant proprietary interest, and then brings the full force of its global network to bear on the project, working hand-in-hand with the leaders of the company, to improve its prospects and accelerate its advancement."
And on the news release on December 11, 2006:
"Ubequity will be paid a monthly fee and will initially be vested with 960,000 options over a period of 18 months to purchase common shares of CGG for an exercise price of $0.15 for each common share purchased."