The book value of this stock says otherwise. It is trading only a little lower than it should (.0042 vs .00467). There are WAY too many shares outstanding to support much higher.
A buy back or reverse split will reduce the number of shares, but there is verbiage in the quarterly that talks about the possibility of issuing MORE shares. Dilution? The buy back mentioned seems to be respective of the additional issue of preferred shares.
Let me say this- I bought in yesterday and I truly hope your statement comes true, but the financials show it is right where it should be.
I agree. The PPS doesn't make sense. What's holding this back from normalizing? The interest just isn't there and it's not like the ask is stacked. It's almost suspicious.
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