I'm with you on that sentiment 100%. I don't even think this is about CD floors anymore, that went away when we broke down through 7s. The only thing that gives any help here right now is to watch the OS very closely, that is the one thing that is a fact. The current OS is 205m, the AS is 300m. That is clearly defined and means there is 95m of potential play left for these converters.
What that means for us as humble shareholders? Who knows. It's all down to the buying power of bulls and the shorting and conversion power. Up until this RS filing, there was at least a balance between the two and plenty of opportunities for runs while we all waited to see if we could make the big bucks.
In my mind, there are two things I want to see. Tomorrows trading and the OS at the end of it. I'm staying regardless at this point for a much longer game but that will tell me if this is going to recover soon or after everything plays out.
Anybody with extreme positive or negative opinions here don't have enough facts for either in my opinion too.
