I didn't notice Magna dumping Friday, Monday, or Tuesday. Maybe last thursday too but I don't remember. I'm thinking that if the share selling stops, we have to move up, even if it's a smaller gain than some people are predicting.
Don't kill me if I'm wrong, but I think buying shares at .0009 or lower right now is pretty safe. The only 2 things I'm worried about are next month. The next quarterly report is around August 15 (according to a post by Dickybad yesterday) and the next debt note that I'm aware of isn't eligible for share conversion dumping until August.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.