Last night I was going through my work on this and had actually done some work on it back in November. At that time it had traded at $.20/share and in my notes I had believe that equity would have recovery but it was not worth the risk/reward.
Outside of the last few weeks it had hovered in the .15 range until someone wanted to sell 30k shares @ .12. It reached a new range of $.05 for a while until someone unloaded 235k shares at $.02 on March 15th and then 50k shares the following monday @.016.
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