Marketboy, there has been plenty of new buyers. Problem is, there is just as much, if not more selling. I'll bet you a dollar the company has sold more stock recently. I believe this to be true because I see a MMer working out a position for somebody.
For example, retail can't show 10,000 on the offer when they actually have an order to sell 600,000. Only a MMer can do that, and he's doing that for an IB, and an IB is involved if he got a really good deal at no risk.
For the past several weeks we have all seen the offer at 10,000, and hundreds of thousands hit that offer and it doesn't move. That my friend is not a retail flipper.
I understand if the company needs to raise money to get things moving. DISCLOSE THE FACT. Register the stock. The really sad thing here is management has no idea what they are doing to accomplish this without beating up the current shareholders. They are making severe dilutive deals out of desperation, and now you have a bunch of monkeys running around in circles throwing feces at each other. If MRIB management was a little patient, this stock would be much more liquid and at a much higher price. But why did all the mojo stop with the promotion yesterday? Short sighted Management and no talent on the trading desk. If they would have had a decent MMer working out a position, the volume would have been triple that of yesterday as well as the price.
Really a sad state of affairs.
