For the same reasons that people took extremely large positions at $1.20, and at $1.00, and at 80 cents, and at 60 cents, and at 40 cents. The same exact reasons. How have those extremely large positions worked out?
So, because we aren't sub penny, this means things are good eh?
That's the bright side? That's the bullish case? We were at 35 cents just 3 weeks ago, now at 12, but we aren't below one penny! AWESOME! Things are great! Maybe we should give management another bonus or two! "At least we aren't under a penny" is the rally cry?
Then IF we should get sub penny, it will be, "well then why are we not at 0.001 if things are so bad, why are people are taking large positions at 0.001"!
In the pink sheets, no matter how much a stock price falls, there always seems to be a bright side!
