What is their to file a complaint about ? The company did a reverse split because of necessity to try to improve its ability to finance itself, and ended November with $5,000 in the bank- if they are paying expenses in shares, convertible note holders converting at a discount to sell into any buying, and lack of concrete information as to future plans, why would it surprise anyone that the stock has a lot of downward pressure in the short term? Add to that a DTC chill and many brokers unable to accept certificates of low priced stocks, seems rather normal this stock will be under pressure- plus the lack of financing in the market for junior mining companies.
But the main speculative appeal to this stock-control of a mill, nearby mines, and advancing through the permit process- remains. As long as they keep progressing on the permit, and can keep control of the mill, it retains the same potential. Lower prices in market represent an opportunity to average down, if one bought the stock because of the apparent benefits arent those benefits still there ? . What else can they do differently ? While I feel their IR could be improved, even the best management has a challenging time with securing any type of financing these days.
IMO this is a medium to long term play as they get through very challenging times.
