Functionx Inc fka FNCX

[value1008]

Setting new lows. I've played this twice for swing trades, a nice gain from $2.27 to around 2.90s avg sell-price a couple of months ago. Then another from 2.07 to $3 on a much smaller # of shares. The stock zoomed all the way to $5s............... and now $1.30s??

What was in that earnings report that people loved enough to drive this to $5s but then found something in the report suggesting it should fall 75% to new lows?

And yes, gulp, for my 3rd round with FNCX, i have another small amount of shares (1.2k) bought at $1.94.

UPDATE EDIT: Okay, just saw that yesterday they filed for an offering:
http://ih.advfn.com/p.php?pid=nmona&article=73909674

Nevertheless, the selling here seems completely overdone.