Thursday, December 13, 2018 2:46:34 PM
it's tax loss selling season, and forced selling is no doubt part of the downdraft today.
stock also broke down through an 8-mo uptrend.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=MRMD&insttype=Stock&freq=1&show=&time=8
shs o/s have increased rapidly over the past two years from 64mm end of 2016 to 177mm end of 2017 to 203mm as of 9-30-18.
operating cash burn was about $20mm in 2017 and about $10mm during 3q18.
the good news .. maybe? today looks a puke selling day on what will end up being the highest down volume day in the stock's publicly-traded history.
Recent MRMD News
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