Seems like over the weekend, some shareholders have decided enough is enough and are capitulating. I hope that with all the selling pressure that support will remain above .20. Going under .20 would be testing to all but the most iron stomach investor.
With so much pessimism on board, it's easy to see why that even a significant NR such as the Australian patent announcement made little difference. Now with the Olympics over and the paralympics shortly beginning, we still have no update from management. Probably the largest marketing expenditure for the company and we have no insight or report on how it went. What this means to us long time shareholders is that unless Alda has some big hitting NR's (ie: FDA approval, marketing in the US, surprising revenue jump, or profitability) we can expect to be treading water for the next while.
Alda does have a proven and unique product with great potential, but truly, the path management and the investor relations has chosen to deal with it's supporters is staggering. The absence of TO through this time of crisis is really irritating. Let's hope he's not like another Frank Dunn (CEO of Nortel in 2001). When the company was in a critical state, he was busy building his own personal lakefront property and shopping for riding lawnmowers.