Tuesday, July 14, 2015 2:50:20 PM
With that said, I believe what we're witnessing is the end of the spiral affect and believe it's fallen to an unreasonable level, even by dilution standards, taking into account the large number in debt dollars, and the conversion shares - I still consider it to be an unreasonable decline, and it really shouldn't have fallen below .001, and stuck to the 0012-0016 channel that it was trading for a long time.
Taking into account patterns with similar tickers, this is due for a massive correction, maybe even setting precedence for future trades. I can safely/mostly attribute this latest decline to the auditor fiasco and late financials, and of course less than adequate communication from company, leading to severe lack in confidence. Understandably, traders don't want to ride blind, especially if unfamiliar with fundamentals of a ticker, so I believe they'll be chasing once pps is trading above .001. Once the company releases the two pieces of major news, one being Q-1 Financials, followed by substantial reduction in debt dollars, I can see this going to 005.....but hopefully beyond for the sake of longs that have stuck by this company for well over a year - they deserve an ending worthy of their support IMO.
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