Well,
I believe that the stock price will continue lower.
Sabines exit strategy is very bad news for anyone holding the stock right now.
If your plan is to hold through the re-emergence, you'll be wiped out.
My strategy is to let it keep falling..probably very near $0.0001.
I'll buy then, hoping news in March and April cause "value seekers" to step in.
I also believe that creditor insiders may try to take the stock higher towards the end of the exit strategy period IF they think they can sell those shares, leaving more bag holders broke ahead of the cancellation of current shares.
I don't think $0.10 is out of the question...but do the math. If this continues to drop as any and all institutions still holding this POS sell, and it heads to $0.0001 as I think it will, then $.10 is a pretty big ROE.
Make no mistake. This stock will be cancelled.
Follow the money here. They announce plans to exit BK and the stock just keeps dropping. Nearly 2 million shares today alone. That ain't mom and pop dumping their 1000 shares. That's institutions who know its headed South caving in.
If you follow the money, you won't get hurt. When this drops below $0.0010 I'm going to start buying... Not big at first because I believe it'll fall to $0.0001 and I'll go big at $0.0002.
Lol..not too big because I also believe that as the stock gets pumped by volume and price alerts, it'll also become more and more illiquid with enormous (percentage wise) gaps between bid and ask.
Just my two cents.
