The retracement will continue. Stock became overextended and sellers began to surface before the announcement of dilution. Astute sellers into it joined with shorts and the downleg began.
Roundtrippers will need to wait for the dust to settle around the $1.50 area before a bounce may occur. The stock and mgmt continues to disappoint its shareholders with no evidence of a change. Prepare for more of the last 15 years to surface.
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