This is a penny stock. 95% are day traders. Even a lot of the 'longs' trade some while holding their long position.
It also appears someone with a large position is decreasing their holdings causing this sell off. Volume is much less today, so do not know if they are done selling, or just taking a break.
The erratic pps swings caused by the day traders will continue until the company publishes decent income and profits. That might be included in the announcement of the settlement of the lawsuits, or we might not find out until next year when they publish their year end SEC reports. Just be patient.
The traders will remain a long time after good profits, though it should not be as bad as it is now because real investors will then be buying any shares sold below fair value. Everyone is here to make money. Some have time frames of a few minutes, few hours, few days, few weeks, few months, or years.
Do your DD and know what you own. Be patient. If the pps goes ridiculously low (below .01) without good reason, add to your position if you want.
GLTA. Hope everyone makes money here, whatever way they trade.
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