You're right, wayno. But these guys want to play it. The selling will continue though, and right before close you'll see a paintjob, a small trade at a higher price to make it look like things aren't so bad. If they're lucky the selling will abate enough that more bogus news brings things up enough so some speculators can make a few bucks in the next couple of weeks, but my bet is that insiders are desperate for cash and will milk this round of "news" for everything they can get, and that there were a lot of shares used to pay people with and they're trying to turn them into cash too. They haven't had a proper pump and dump in quite a while now and they all need to make some money. When you only have a couple of grand worth trading a day for a few days several times a year, it has to be hard for the insiders to make a living. The company darned sure isn't making any money in the lending business. There will probably be a time though that people can make a few bucks on this company if they get in and get out quickly. These guys are good at getting into deals and touting them and generating interest, even if the deals never pan out. People playing a couple of hundred bucks hoping to make a quick gain don't care if the company is worthless or not. They just want to buy low and sell high before the price drops again.
