I think the drop in share price can be attributed to short-term flipping impatient investors. That's the risk that is taken when the stock gets promoted. We all agree that the stock needs more eyes on it. And the eyes have increased in recent weeks due to promotions.
The bad side of this is that there is still some entity willing to sell shares at these low prices, or MM's willing to short more shares at these prices, and they are wringing out the short-term impatient flippers, who add to the selling.
Despite the growing positive fundamentals of the company, short-termers look to chart signals instead. When the close fell below its 50MA, the selling pressure took over.
The only way to turn this around is 1)insider buying, 2)increased revenues and 3)increasing net profit. We know that #2 is happening. I am confused as to why #1 is not happening, and #3 is masked by the cost of growth, which should be itemized for us to see and understand.
I personally can't understand anyone selling this company for 0.03 unless they totally need the money. Market cap under $3M. I'm surprised a big shot with $1.5M hasn't already bought over 50% control from these weak sellers.
Carl
