Tough Crowd TGIF
So looks like they sold a bunch of shares to these vulture hedge funds, the same ones you see doing the debt spirals on the OTC markets, so I think once these vultures are out we should see a bounce to some normalcy.
I think that's where the selling pressure is coming from. Hopefully management learned a hard lesson to never do deals with these death spirals as the stock has been spiraling down even more on any good news.
They need to curb their burn rate fast, get cash flow positive fast and work on organic growth first, if they dont do this, they will never have any loyal shareholders. Shareholder value is very important and I hope they can see this as well.