OK, so this has now dropped below 2p. I can see this drifting right back to 1.75p like it did before November.
When do you guys reckon this is going to go up? What is going to make it go up?
So far I've seen it go up in the run up to Nov 17th and then go straight back down again. Then I've seen it go up briefly on announcement of renewal of a contract (plus some additional sales) and go straight back down again. What is going to make this go up and stay up?
It seems to me that this company has no institutional support. The share price is not going to rise significantly just on private investor activity - it needs the big boys to come in. All that happens is that on any news some short term traders pile in and pile straight back out again and the share price doesn't improve.
I've seen some very optimistic forecasts on this BB (30p for example earlier today). But it seems to me that the next stop is 1.75p again. This has been unable to reach even 2.5p. Can anyone explain how this is going to get to 30p?
One last thing - ULT are still making a loss. They don't have an awful lot of cash in the bank. They don't seem to have made many additional sales (at least they haven't said so if they have). It seems to me they must be running out of cash.
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