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Friday, July 09, 2010 1:10:09 PM
Remember my post. The reason they did the 1000:1 is so it could absorb some of the fall just from the r/s itself.
People have to decide whether to stay or go after a r/s. Personally I am staying.
It looks like we have established at least a short term bottom at 1.15. Volume is steady and it seems to have a solid bid base.
It's too early for me to make any long term calls but it would be virtually impossible for this company to go subpenny. I would expect it could trade at half it's market cap just on the r/s. That is sorta where it is right now.
Volume > 5000. The stock is now poised to start getting new investors. The only last piece is getting some new official numbers for the fundamentals. I'm sure that is part of the plan or else there would have been no point in doing the r/s.
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