Yes Ramad but as usual your post is well thought out but still merely guess work given the fact that again we are left in the dark by the company. I can only assume that the outgoing BOD's have sold up and caused a wave of selling and stop losses being triggered. It wouldn't take much to move this stock in any direction given the float. If it's any consolation I doubt very much weather we'll see bankruptcy at this stage, mean why would they go through all the trouble of officially parting with a BOD's pre-closure and filling 8k's if you're closing the doors?. Then there's the fund raise. So if there's anything to cling to I think there's still a heart beat there and to put a positive spin on it, what a great time to buy now!!!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.