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Friday, October 17, 2014 11:13:28 AM
I'd say you're right. At least .01. Just look at a long term chart and when it's hit this sell/dump "mode" prior, many times.
Seems to seek and eventually find and bump along the 1 cent line many, many times past.
I think, IMO, it's all and always related to dilution, the continual issuing of cheap shares and doing deals with the likes of the ASHER'S and Daniel James and now "Magna"s of this world- toxic, convertible debt "financing". This pattern from reading so many other boards here on I-HUB, or the web, about companies who go down the "convertible debt" road with the similar kind of highly dilutive, steeply discounted shares and "finance terms" with the same named financing firms and so forth- they all seem to end up about like this, IMO.
Here's a couple of the I-HUB entire threads people felt compelled to build just about "ASHER" as they saw so many micro-caps getting the share price crushed over time, after doing "finance deals" with that one firm.
http://investorshub.advfn.com/~-ASHER-~-25451/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68247638
Lots and lots of stories/testimonials of woe, seem a common, repeated theme IMO when Asher and similar "convertible debt", lenders of last resort, name's come up.
Again, just my 2 theory on the major sell-off. Who knows for sure?
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