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Friday, May 05, 2023 9:00:59 PM
These "lows" are artificial.
The price would be a dime right now if not for the R/S in March in an 11th-hour desperate move to remain on Nasdaq.
Stock closed at 19¢ on 3/7 - the day before the split was announced.
The day the split took effect, the stock closed @ $1.43, or 14¢ pre-split.
If it had maintained it's value after the split, it would be $1.90 right now. Instead it's down another 45% - effectively 10¢ per share at pre-split value.
That's down from a high of $31 during IPO in March '22.
Investors can either abandon ship now or go down with it (good news is, the bottom's not far away).
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