Well this caught me off guard. I've been bottom feeding this play for a few months waiting for it to go through a P&D. Oh well, we win some and we lose some.
I am curious though - Why is there a R/S? Usually companies do a P&D and when they run out of shares to dilute, they do a R/S so they can start all over again. However, in this case, only a few shares have been traded. There was a day that had about 20 million volume (compared to about 700 million OS), but thats the most. I kind of thought this play would be safer from a R/S because only a small amount of the OS had been traded. Any thoughts?