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Friday, November 14, 2014 11:00:00 AM
It was at .03 in just July/Aug time frame. That's a 50% haircut now to, today about 3 months later, despite lots of news and PR and all?
Tues and Wed it doesn't even open for 1 hour to 1.5 hours- not a single trade when the markets opened- it just sat parked. Then Wed they closed it "up" 6% on one, tiny trade end of day.
Then yesterday, they open it down hard on a single 210K share trade, down 6%, almost like a short-cover maybe in the AM, from all the shares they sold on Wed on the +12% spread at .0170 area.
Now today, 1 second after 9:30 Eastern, they open it down hard again, 5% down on qty-2 trades, one for 10K shares and one 1K shares. (it appears "parked" now, after those two trades, 1 second after market open)
11K shares at .0152 = $167 bucks worth.
So it's swinging 12% to 15% or more in under 24 hours, often on very tiny volume and dollar trade amounts. Ill-liquid looking at times, for 2 or more hours as not even a single trade posts? Odd IMO? Saw a 2 hour block of time yesterday on the Level II historic where no trades posted.
This is in a sustained, major technical downtrend and weakness and not a single PR, or the 10-Q or the "revenue" or the "financing" or anything has even slightly abated the down trend for 3 plus months now, or even come close to reversing the down trend by sending it back near the 50 DMA, let alone the 200 DMA.
Don't know what's got it in the funk? All the good news and PR and stuff- and now it's back at 1.5 cents? Sorta hard to figure out?
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