Well, read around a bit. Apparently an investor sold upward of 275 million shares. They were restricted shares that became available. SKGO didn't forsee this and at the time I don't think anyone realized what was going on. They tried to recover with positive PR but the pull of the downtrend was too strong. I think SKGO will recover but estimates for .01+ need to be adjusted by about a month to build back investor confidence.
-Chris
“When stocks are attractive, you buy them. Sure, they can go lower. I've bought stocks at $12 that went to $2, but then they later went to $30. You just don't know when you can find the bottom.” -Peter Lynch, co-founder of Merrill Lynch F
