The best hope for longs would be that CDEL liquidates the current trance of shares today or tomorrow... Usually there is a time lag of a day to several days between tranches of dilution where the stock is allowed "to breathe"
That could cause a bounce here and would get the buyers and longs all excited again...
If it hits the 3 billion share mark, it would take some time to get the authorized voted for and raised... Then the dilution would have to stop while that process is happening, and once again a rally could be possible.
So the question is... do you take a position here, or do you wait and see if they knock it lower before they let it breathe?
Obviously, a lot of folks are jumping in here... Good luck...
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