hey yo, ERTHD is an example of a NAZ company doing a RS in order to keep their PPS over a dollar and keep their listing.
This almost never works, but so far, it has here....but
Keeping the PPS over a dollar for "ten days" doesn't mean they can continue to hold and, indeed, it's looking weak.
I think I said that I expected a bottom/bounce price around .41 and when it was trading at 3.00 that was hard to believe. Now, at about 1.73, that estimate isn't so far away.
Between now and then, all sorts of things may happen. If/when it drops below a dollar they will be threatened with losing their NAZ listing again. They obviously value that and will most probably do something to fight the drop in price. Another RS? A PR campaign? Who knows?
Here's something to think about; Before the RS it was trading around .13 for a reason. Unless they are making some major changes in the company, those reasons still exist.
BTW, the "D" should come off the symbol any day now.
"Aim low Sheriff...They're ride'n snakes"
as usual...JMHO..SMD
