I agree with you. Grab a life boat seat instead of waiting it out on the titanic and especially don't try to sell the rooms emptied by those that already got off the ship to new people!
If it stays afloat and is going to get back on course and underway, you can still get back on the boat! It is similar to shorting the stock. The money you take out today at .001 will buy 110% as many shares at .0009. The more of you that bail and the lower the pps goes the more it will snap back when the great news comes out and new buyers jump in.
Then you will be buying back more shares at a lower price and riding it up. When the pps gets back to your original break-even, you have already made a profit. Or another way to look at it, this will lower your break even point. The last thing you would want to do is "feed the sharks" ,literally, by keeping the pps up so the predatory lenders have something to eat if the os shares are released. If those o/s shares are going to be released let's leave the sharks only bones. Whether you bail today or stay for another few days isn't going to make any difference to the eventual fate of this company. It is either going to recover with this news or sink to the bottom of the ocean.
If the impending news is so great, the dip in pps will mean nothing. This will also get the penny pump and dumpers with free advertising that will just want the short profit but will bring in long traders too when they do the DD on this company.
And if this is the beginning of the end, or the end of the end, you are on the life boat not going down with the ship.
But that's just my opinion and I'm usually wrong about these things, so don't listen to me! But based on the pps trends this week it looks like some other people have already come to the same conclusion.
