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Tuesday, May 20, 2014 4:52:37 PM
It either bounces IMO, or it's got zero support below that. Could be headed back to the 1.5 cent, maybe even 1 cent range, given all the shares/warrants out their now, a bundle of them all the way down to about 1 cent.
If someone got 18 million shares at ONE CENT, for "services rendered" ($180K payment, most recent 10-Q, page 24), remember- even if they unload at down to 1.5 cents, they still make about 50% return on their money. Which is a stunning ROI, for a short term investment of $180K "services rendered". It's beats the heck out of a savings account ROI on your money. Even if they kept dumping down to 1.25 cents for example, they're still making 25% or so on their money. Who wouldn't take that return, in today's low interest rate environment?
Pouring out all those dilutive shares in April alone, has/will have consequences IMO. Today, I'd speculate is just the beginning.
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