1. There is a rumor going around that Red Kite pulled out of the loan deal. I don't think that is so, but once the lemmings start running, away they go.
2. A lot of traders bought in anticipating a buy out. Now that it has finally sunk in that this will not happen, they are moving on down the road.
I am sure I would know if there were any fundamental problems. Wish I could tell you when the stock will be back over $1.00. But then that would make things too easy for the quick and flip guys. I can tell you the company is fundamentally stronger now than when you sold. Take care and good luck....
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.