I mis-labeled the chart on that settlement schedule. Obviously the two columns got intermingled when I pasted the chart to my post, I just noticed.
Line 1 will settle on the date in the 2nd line, 3 settles on 4 and so forth.
We lost the 100k share bid support at .0215, no big deal tho, very few shares are being dropped at these lower prices. I'm surprised more shares aren't being picked up at .024, if I had the cash I'd clear out that 28k (and no they're not mine). Then there's only a few more at .0249 before the jump to .0292, if the L2 still looks the same...barring any hidden items.
History tells us that after the price drops like it did yesterday, it takes time for the bids to rebuild. People have to wait to see if there's any more cheapies, and I don't blame them for waiting it out a little while. Next week we should see prices come back up to normal IMO, with bids approaching the mid .02's and offers in the upper .02's.
Like I said before, I don't think we'll see much more being sold below .02, and if it does dip that will be brief IMO. I say that simply because nobody wants to sell that cheap, I know I don't, especially with big things happening and profits just around the corner.
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