Guys, this is typical for stocks that...
have Toxic Financing.
If you review the SEC filings, a good amount of shares has been offered for money in return...but with those shares came control of the company in a significant way. Therefore, the financiers tend to run out of buyers for their stock that they NEED to sell for profit, so they manipulate the stock up to get buyers in so they can dump their shares....
once they sell off their common stock, they have diluted the company stock which allows them to gain MORE common stock when they exercise their warrants that were also offered to the financiers at the time the deal was made. That is why it is Toxic.
be careful, and good luck.
Dan
Is this a good Stock?
Anything I say in the post above is my OPINION only. (Ne buvez pas l'kool-aide.)...and don't be a MARKEY.
