Months ago STLK released their financial statement which showed $600k in convertible debt that was due to covert the following month. At that point the stock plummeted and went back to no bid which it sat at for several months until today. There is no real way to know how much debt has been paid off of that $600k, but suffice it to say that is the EXACT reason we are at no bid with 280mil volume. Like I keep saying over and over, we need many days like this to churn through all the debt. Once the smoke clears we will be in good shape with (still) a decently low s/s
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.