I can't beleive the way this stock is being manipulated by short sellers and MM.s Only a 15 million float and insiders who own 80% and the stock plungers more then 50% in a month.
I am not saying all the sellings is shorts. But in you look at the short interest from 07/15 to 07/31 you will see its almost nine times higher then last half. Which I think trigger the landslide of almost 6 million shares in two days.
Pretty much after that shorters were home free and anyone who wanted to join them. They know no press releases were coming the pipe. So now the shorters don't have to anything.
Because everyone knows people trade on emotion people see there stock dropping what do they do sell and sell more. It doesn't help when the MM's tick the price down 100 shares a trade as somepeople tries to buy.
I have lost money on this stock but am not selling, I fell for the short squeeze talk, shame on me. I thought this company might actually do something about the price drop and drop a PR fending off the shorters.
But now I realize this company does not care about the stock price as insiders make all your there money from tolls and acquire other companies.
So now the only hope is that the shorts have covered and maybe the let MM's let the stock rise and do it all over again.