The thrill is gone, as BB King would say. The downward trajectory of the PPS since the 2.49 you refer to has been consistent and relentless, with only an occasional up tick (MM manipulation lowman?) to keep die hard longs actively and wistfully clamoring for a return to the good ol' days of Don and Frankie D and big Rich A.
For every white knight there's 10000 or more companies in distress waiting to saved. As for convertibles, we're trending close to the area where not even those leeches would sign over any money given the uncertainty of CTGI's current debt obligations.
The script here was made clear for all to see- follow the bread crumbs back a few years (it begins with the lawsuit news neatly tucked into the CE mark PR, then La Jolla, then the pinks, etc, etc, etc) and today's pathetic PPS makes perfect sense. That CTGI finds itself where it is today is no surprise to anyone but the ostriches with the longest necks.
Gotta' trust the DD, not the pump, no matter how much you want to believe.
