Ummmm...
You all do realize that the PPS is just gyrating after it made another new all-time low today.
We broke substantial support earlier, triggering more stops.
This is simply a bounce off of that temporarily oversold level. And according to some, there was a very an organized attempt at promoting the stock today. Unfortunately that failed.
There has been no news, catalyst or CEO interaction in days.
No one has been able to answer questions concerning how the stock was fair valued anywhere near $1 per share, let alone in the $2 plus range, it would have an insane market cap at those levels. I even asked the CEO that question and he has not responded. I don't think we will be hearing much from him. Hopefully his new investor relations representative will be more vocal.
I have yet to average down on my position because, honestly, I don't see a reason to at this point. The company needs to issue a press release that is very specific to perform damage control on its stock. It has not done so. Our CEO has failed to that extent.
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