"Crash (< 0.01 USD) coming soon???"
It's a very real possibility IMO. It's been doing more trading sub 1 cent recently on higher volume days than the volume it does on the days it pops its head back above 1 cent- this seems to be the new "normal" range perhaps? And all the PR and "presentations" or "conference call" or whatever hasn't budged it- not a bit that I can see.
There is just a massive amount of low priced share overhang on this one now (they diluted out approx 300 MILLION shares just from 2013 to 2014 and about 50 million in just the last 3 months or so- see recent SEC 8-K filing showing now past 600 MILLION shares and compare to last filed 10-Q which covered share count up to early Nov 2014).
Notice, it just printed that 11 AM Eastern (approx time) near perfect red sell spike on the daily chart- about a 400K perfect round lot share sell looks like. Almost every day now for weeks, like one can practically set their watch to it IMO. Always a round lot big sell lately- like 200K up to about 600K or so near perfect round lots. Almost the same time every day it seems - for weeks now.
The MM's on this one now- seem to be able to drop it like a rock using just very small dollar vol sell orders. Sometimes it doesn't move much on 400K shares sold, but then later will drop like 12% or more in a blink on maybe a 10K share block being sold- like barely $150 bucks worth.
It's definitely real, real weak and highly volatile in here for since at least Jan 2015 IMO. About as wild a ride as I can remember. Many trips to sub 1 CENT territory starting since Jan. Nothing seems to be abating that yet- the volumes have been extremely high on the down-side days and much lower on any "up" days- the few there have been.
Bid just dropped again now to .011, just barely holding 1 CENT and 100K still on the Ask and only about 34K on the Bid. Weak.
My 2 cents
