Absolutely, Everything CEO has said would happen - happened... He never said he wouldn't allow the former debtholders to sell their shares into the market... But the truth of the matter here is the market cap of the company is only 3.9 million dollars... At .033 - the market cap was 27 million dollars... Yes, it was overbought at the time at .033... but, now it's OVERSOLD at .0039! Remember... at .012 - market cap will only be 12 million dollars - any investor buying here will get a 200% profit... and GREAT NEWS is COMING...
Look at the chart.... IT SCREAMS OVERSOLD - if nothing else it's a TECHNICAL TRADE at this point... RSI at 26 - is a BUY SIGNAL - Notice how MFI (Money flow) is strengthening here, as scared sellers are about done now, and that is a non-confirmation of the lower prices... BUY SIGNAL
The fact that I couldn't get filled at .0038 for several days also says the bid whacking down here is over... Remember, the former debtholders want to make as much money as they can also... If they let the stock run for awhile, their next sales can be from much higher levels...
Hard to buy when the noise is deafening, but just use logic and common sense... GLTY
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