The fact is we do not know the extent of the fraud. So to accept that it is 100% fraud and going to 0 fast is extreme.
I am optimistic that there was/is a real business underneath the fraud. I believe at some point we will hear from them and at that stage it will be valued much higher than it is now. Got some at $1.50 and $1.30 which are looking good currently.
My Golden rainbow scenario would be a buyout in the $5.00 - $6.00 range, which I actually think is not fantasy. It depends on the extent of the fraud.
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