I want to preface this by saying I own shares in this company and have for almost 3 years. I've played it's dips and runs a few times when it was in the 0.25-0.30 range and now have a core position in the 0.02 range. Of course like all of you, I'm hoping Chan and company can turn this ship around and everyone wins big.
I see this as a high risk, long term but hopefully big reward situation. It's a sector with many possibilities and getting in on the ground floor of a company that we all hope will turn itself around could prove wise...time will tell.
Having said that, our current situation in terms of the stock price seems to me that we have the usual suspects (MMs BKRT, VNDM) with hidden blocks on the ask, a clear sign that new shares are being sold into the market place and as a technical trader, I'm not crazy about the fact RSI hasn't even reached OVERSOLD status yet, which could mean we have lower still to go.
None of my negative criticism is meant to bash, I hope in the future I am writing about how smart we all were for getting in now. Just keeping it real.
Best to all
