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Re: Chunky Salsa post# 11330

Thursday, 10/16/2014 2:04:36 PM

Thursday, October 16, 2014 2:04:36 PM

Post# of 106844
Agree, it's in free fall right now. No bid support at all- or the selling pressure/share overhang is just too great for any retail buying to off-set it.

The volume was dead for a month or more- now has exploded on days when it's dumping/selling off hard. This isn't retail IMO. Maybe by today on a bit lower volume it's some retail sellers- which IMO would be the little guys maybe throwing in the towel after breaking the 2 cent barrier and taking the pounding for the last several months.

Wow, down another 7 percent today and bid is still being lowered. It's a long, long way back up from here for many to ever even reach break even again. The "PR" cycles don't seem to be carrying much weight or pulling much response anymore, certainly not at least lately IMO and from how it's been trading. Odd?

What's stunning too- is the market cap now. Back at $8.4 million or so, not even their outstanding debt. The market is pretty much assigning the company (assets, pipeline, property- whatever actually makes up this company) a value of zero more or less. Not good. 1.6 cents and $8.4 million's getting awfully close to just zero.