Wolly In my view it is impossible to predict where the pps will go in the days to come. If there is no news the pps seems most likely to continue falling. I don't tnink it will drop as low as you suggest because it will cost so little to buy a lot of shares. Iportant good news could cause the pps to rise very fast.
Wolly the smart money is selling out to protect whats left of their investments. I think most are moving to the sideline to wait to see some sign of life and business moving forward and then it might be safe to jump back in to recoup your losses and move on. I think for the long term most of learned that this company had great ideas and made good moves in the beginning but then lost direction and everything imploded due to lack of proper management. There will be some who tell you this company is great and super undervalued, but actions and shareprice speak volumes. Hopefully at some point something bounces and people can get out alive!
Most shareholders have gotten scared by the share price and are selling out and waiting until there is news about the ongoing Tri-way loan for $100M USD with the 5 banks. There is also short selling activity taking advantage of these sellers. The loan is essentially the first step before shareholder friendly actions like buybacks or cash dividends can take place. I think we may also hear news soon about new conventional loans to replace the collateral share loans since those collateral shares are likely responsible for the constant supply we've seen. However, the company has stated if they have been sold and they pay off the collateral share loans, then they will have to be bought back from the market and returned to the company where the shares will be retired.
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