The actual problem is this made the "breakout board" which typically means that everyone of them went over here, bought in a good low amount, and now they are "dumping". Its the classic pump and dump.
If you notice, we don't see "Blue" on this board anymore. He made his chunk and has moved on. He has gotten a lot of others to do the same.
Now they are dumping everything, and then at the same time, everyone else is trying to force it down so they can get in on the "dip" and have it climb, and take their profits, etc
Only way we can keep moving on up is without them. We were doing that just fine, but they got wind of this and completely crashed it with their "pump and dump"
Unfortunately, it will be another week or so before we get green and go back up. Or, we get some good news and this gaps up like it should have a long time ago.
My other thought is, weren't we supposed to have earnings announced a week ago? Are they delaying it on purpose?
My question is, what IF those earning showed good profits and they are delaying it on purpose because they think it will cancel the BK process, and this is something they don't want to happen. But they got full approval for DIP Financing, so I would have thought that they would then announce the earnings
However, what would happen IF they did get it approved for financing and they got good profits from last quarter? Would this cancel out and cause an issue with the Judge approving the loan?
Of course, earning could have been delayed because they aren't done yet, or they aren't supposed to come out until this week or next. I was just under impression it was going to be out last week.
Thoughts?
