There are a finite number of bounces a dead cat can make. With the exception of a handful of diehard longs the response to the news is underwhelming. I believe Ures was intended as a deflection to mitigate the abysmal failure of Elena to produce meaningful results. After all, the longer this plays out the more shares the CEO will be able to dispose of. It’s called bleeding the turnip dry.
I didn't expect to see much of a bounce. I mean would you be inclined to add to your position just because they barely staved off insolvency? Plus, we need more financing for production.