From the recent posts here, I think a few are either shorting the stock, or selling large enough holdings, in the hopes to buy cheaper in the future. It is looking right now like it might go even lower short term, unless the world markets rally soon (today is OPEX!!!).
I am not selling here, but I am preparing for another 50% hair cut IF and when it comes, to really stock up on this one and the merger partner AEXP, as I have no doubt a deal is coming that will send it back to at least $1/share under the worst financing circumstances, but it may be a little while longer before the news of the final solution to the funding problem happens.
I had high hopes we would be off and running and fracing the well by now, with funding by now, but it seems like funding at this stage is just going to take a little more time to work out all the details, and do it right.
There is no way to know for sure where and when the exact bottom will be. But I do know it is very easy to miss the bottom, and it is possible we already bottomed. I also know that MM's rarely let us buy shares at the exact bottom, especially when the volume gets thin, and the spread gets wide.
Sooner or later the right deal and money will show up and this will go into production. In the mean time, shorts may talk nervous investors into bailing at the wrong time, and we may see lower prices. But I am not going to bank on it. I am holding and will add if we make new lows.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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