I feel as if the 2.45 price floor that seems to have been established is purposefully placed. They are probably close to getting at least some short term equity financing and needed a stable base to negotiate terms with. My bet is we'll hear something next week about it. Then again, what that'll do to the price is anyone's guess given the dilution forthcoming.
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.