The way I read the release, it seems to me they put a floor on the stock price, since large buyers paid 90 cents, but they also put a drag on the upside, since there is a lot of preferred that can be converted at $1 and also warrants at $1.11 and $1.33.
It will be a long time before we see $1.50.
I just recently bought shares at $1.10 after being out of the stock for a while. Looks like I will take a small loss to get out of this dead money stock.
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