SOLID DOWN TREND is confirmed now IMO. It blew through the 50 DMA avg (.035), 3 days ago on high vol, touching as low as .025 that day. It's had 3 confirmed days now under the 50 DMA moving avg with no bounce or return to even touching the 50 DMA.
So, despite all the vapid, orchestrated hype, it's going down IMO. The 200 DMA is at .019 and that's most likely where it will land, if not lower. About 2 cents at this point is the target for me- and is the historic norm for over 2 yrs anyways.
The market cap is now back to a paltry $12 million or so- which, when considering their massive debt ratio and cash deficit shortages as stated in the going concern warning of their own auditors and most recent 10-K; the company is essentially being valued at ZERO now by the market. Not even enough to cover the debt/deficits if liquidated. They're busted, broke IMO. Simple as that.
All the hype in the world doesn't seem to be making any difference. Oh, and negotiating "away" that debt, went over like a lead balloon IMO. Fell off the cliff from that point on.
Hey, where's all those "big investors" that "Were" and "maybe" and "might have been" going to "materialize" as in "real soon" and "imminent" and "for sure" this time?
Just curious- cause I'm watching and looking for um, but sure haven't seen or heard about um or found um yet? Any clue where they're hiding out?
Oh, all just my opinions of course- no recommendation from an amateur, who really doesn't know much about stocks or trading, nor do I ever recommend to buy or sell or trade anything- and no, I don't have any penny pump stock site to link to or promote- so I guess I'm in the new minority here now. And of course- don't ride bicycles or motorcycles without a helmet, or change your favorite radio station based on anything I say or state- as it's all just my 2 cent, lousy (by self admission) opinions and thoughts only, and are only for me and anyone else who cares to read them- but are for enjoyment or amusement only.
And Happy Trading and GOOD LUCK to all of course- hope you all make $BILLIONS of course. Happy, happy, happy, bestes luck to all !!!
