Things are bad all over....Expect to see us listed on the Venture Exchange, I spoke with Joe yesterday....
For an example of just how bad things are, take a look at what my friend Dr. Robert McHugh has to say:
"We are seeing a flat-out selling panic in stocks, with a flight to quality - to U.S. Treasury Bonds. Did you see what happened to Bonds Thursday? It was amazing. They rose five and a half points Thursday, to a new high, to 127^24, higher that any level we've seen in half a century. In fact, the yield on T. Bills is now negative if you include the commissions and other transaction costs to own them. Safety is the name of the game right now, safety and cash. Do not rely upon any lines of credit at any financial institution. T
Some great names are flat out disintegrating. GE is down to 12. Citigroup lost another 26 percent Thursday, after losing 20 percent on Wednesday, and is down to 4. GM is on the brink of bankruptcy, at 2. Alcoa is at 6. Bank of America is down to 11. Could you imagine if GE gets tossed from the Dow 30 Industrials?"
Sheesh, even the big ones like GE, oh and by the way, remember this, it is only the SME subsidiaries that are declaring bankruptcy
All the best