I think it could be one of several reasons if not a combination of all:
1. Convertible notes adding to the share count and diluting shares (I think this is most likely based on the Form D's they've submitted and looking at the small measly amounts of financing they have been doing this for). They obviously need to generate working capital by a means other than sales revenue.
2. Lack of transparency from IR about their projects abroad have led to confusion about which direction this company is heading.
3. MM's have taken control of the stock (CDEL, BMAK, CANT, NITE, CSTI, etc.)
The silence about Rutas Unidas since their last update in late January is deafening. Really need their next report to shed light on these topics.
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