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Thursday, November 19, 2015 6:09:25 PM
I know some (lot) of you may not agree but the note conversion is what is holding it. I have been in trading/investing long enough to see that. As soon as the buyers come in the MM converting the note appears with huge ask size which scares the buyers and it fizzles out. The OS has gone up from 110+ M shares in Aug to 489M shares in Nov and still some $310K+ notes remaining.
That baffles me, with such a huge deal, how come they can't get a LOC or something to buy those notes out.
I have feeling that they are going to convert the notes until they max out the OS which shouldn't take very long. The AS is 650M. Once that happens the pps will move faster and much higher. I am waiting for that day.
Experience is the most powerful tool in the world !
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