"kept thinking that there is no way this stock could go any lower. "
Not to rub anyones nose in this but this should be no surprise at all. I stated many times here that with the heavy dilution your witnessing has a consequence...these funders are determined to get theirs and they should. The CEO knows how this all works. It's really just like LEGAL but mob funding. I stated also, for those who really don't understand fully who, what and how Toxic funding works and its impact you should do so. This is text book funding that uses fluff and volume to fool those who you see post often this phrase when they see huge volume..."something must be happening" always thinking news is about to break...if news comes...it's usually always FLUFF. A story without measurable substance or impact. Toxic funding is a red alert and should be treated as such. It's not the funders fault, they make it known hope they operate before there is a knock on their door. If you go to the funders crossroads and make a deal with the devil this is what happens.
"will there ever be a chance to buy back in?"
and this is the next most often asked or wished for out come. The old PPS in the tank so it looks like a viable candidate for the dreamed for buy back. The truth is this. His balance sheet, his tax debt and his cash burn and dilution screams there is no money to buy anything back. They have no cash....it's why they dilute... what sense does it make to dilute more to raise cash then to buy back what you diluted in the 1st place? They have toooo much cash burn and debt to even bring the subject matter up.
"it is getting harder to even do the short-term trading on this one."
IMPOSSIBLE and now moot. Buying requires cash... and well managed debt with having a rev stream that the balance sheet approves. This security IMO has one destination right now... the CEO will continue to dilute because he can and has to survive and make the CEO's payday. Then when that's wrapped up.... then comes a devastating R/S. Then it's no looking back... CEO will start looking for new waters to fish in for 2nd rounders. In short it's called wash, rinse and repeat cycle. It's what these pinky CEO's historically do best.
GLTA but fingers crossed, hopes and dreams won't give you the hopeful buy back you want to see happen.
