Company puts out a PR saying they have a $2.15 per share buyout offer. Stock runs to $1.50s and then down to 1.8 cents. There are still people pumping and believing in this stock.
Reminds me of NWOG (fomerly NDOL). Same situation. Company puts out a PR with an outrageous buyout offer. Stock goes up above $1.50 and now sits at 6 cents.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.