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Friday, January 05, 2007 1:05:20 PM
A large group of very devoted longs were lost when the company started screwing around, and they are not easily replaced except by flippers, traders, etc. Add that to the fact that the float has been diluted so heavily and the basis of support just isn't there.
Run-ins with securities commissions tend to blacklist a stock from most people's radar, yet sustainable price increases can only come with absorption of the float by long, dedicated shareholders. Something sljb won't be able to attract for a very long time.
Even with a few confirmed deals, an easy reprimand from the OSC, and audited financials this still won't be a .10 stock again. The conditions that held the stock above that level two months ago no longer exist.
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