IMHO, They are extra shares hitting the market diluting the price. I have no what avenue the are coming through (sold by the company, restricted coming off restriction, NSS). It seems like some broker/dealer/MM is given a large block of stock and told – “Get the highest price you can for it without tanking the PPS all at once.” Even if they are only a head games, they are working. People are slowly but surely walking away from the stock and it ultimately hurts the company. Even though they say that they don’t use the stock and that they are cash flow positive – they used (were forced to ues?) the stock in the past and it this price, it is very expensive to dip into that cookie jar.
I know that the endgame is supposed to be a buyout but this is a pinksheet stock. It has a 2% chance AND we have NO way to know the value of the company so maybe a buyout at .08 would be fair market value.
I’ve invested about $10K here which is worth about $1500 so I’m more than a little pissed. Buying the dips around the 0.40 range…. 0.20 range….. 0.12 range cause it will never dip as low as 0.03, right? This is a good company and a good company could never let the price drop from the solid 0.60 range down to the low single digits.
Yes, I think the T trades are causing harm.
Take my advice with a grain of salt. (preferably many grains distributed around the rim of a margarita glass.) I am not a stock professional, trade at your own risk!
