Bad news, bad news, desperate sounding earnings report, looming bond failure for 2020, div is cut.
Half of the people still selling probably have $5.00 plus cost basis and just want to get the hell out of dodge. If my holdings were in a taxable account you sure as hell better believe the tax writeoff is worth more than any hope of future growth.
These guys screwed the pooch buying an $800 million dead in the water flop from a scamming company in the name of diversification. $15/share down to $1.14 last check. Investor confidence is GONE.
At this point I keep it in my portfolio just to remind myself of the lessons learned.
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