"Class action suits appear to have been initiated. "
Where are they? When lawsuits are filed they get a case number and are searchable in a day or so. So what are the case numbers? Lawsuits are not secret confidential events, they are public. So, where are they?
Anytime I see a class action shareholder lawsuit, the law firm puts out a PR in order to get attention and shareholder feedback. If there are "lawsuits" (plural), then where is at least one of the PRs?
If people were serious about learning about my "strategy" they would have been out of this stock a year ago.
Let me say this, although there are always big sudden dips in bad stocks like this, for the most part........
the usual way of getting a 30% loss is by still holding after a 20% loss
the usual way of getting a 40% loss is by still holding after a 30% loss
the usual way of getting a 50% loss is by still holding after a 40% loss
...and so
the usual way of getting a 90% loss is by still holding after a 80% loss
get the picture? Capital preservation is maybe the most basic part of any investing strategy. Any experienced investor knows that. Pink sheet investors don't care about rules and guidelines because somehow they "know better".
I don't think shareholders here really want a "strategy", instead they want to dream about "biding wars" and "debt vanishing because the lender has legal issues". This is similar to the "we're going to refinance at low rates once the Nov 2015 earnings are released and we burn the shorts", and the "this will sell for over $550 million because we have great technology" fantasies that we heard again and again. I'll say it 100 times, investing is not about dreaming!
In other words, pinks sheet shareholders by and large, just want fantasy, not logic, and not strategy.
