Medis Technologies Ltd. (MDTL) issued a statement about its recent decline in stock price.

"... As you know on March 16th we held the conference at which we demonstrated the operating Power Packs running cell phones, MP3 devices, electronic games and PDA's among other devices. We left the conference thinking that it was a huge success, showing for the first time in history actual working fuel cell products, which are far ahead of anything ever seen before.

As best I understand what happened, the share decline started with an attack on our shares by short sellers, even as the conference was going on..." [ more ]

I still feel confident about MDTL's future and still own shares in the company and plan on adding more to take advantage of this sharp decline. The stock is up over 7% in todays trading.