Thursday, August 9, 2007

Burger Fuel: Share Price out of Gas

Just a wee update for you Burger Fuel (BFW) watchers from outside New Zealand and there are alot of you-expat Kiwis perhaps?

Anyway, after almost two weeks the share price hit a low of NZ .80c on Wednesday 8 August. The volume was low as usual but its downwards spiral continues.

With a total of 7000 shares on the buy side with the next offer at 75c and the bulk of 53000 shares offered for sale being under the $1 IPO price sub 50c is looking like a good possibility before the year is out.

I will be interested in the company at anything below 30c.

c Share Investor 2007