Automated stops triggered yes.
Again, notice that most of the people posting positively on the company and the share price's high potential for a reversal, were not posting yesterday and still aren't. Most were blindsided as the stock sold off rapidly.
Watch ETFM today as it has a pretty good chance of recovering.
Notice there's no more negative talk about the 8k?
That's because there was NOTHING negative in the 8k.
The 8k merely stated that 2050 Motors PRIVATE would no longer be sold to former management of 2050 Motors Inc. The terms of the original deal were not in the best interest of shareholders.
I have no idea how this could have been taken negatively by shareholders yesterday to warrant a 50% drop in the share price bringing it allllll the way down to where the run to .007 started from just 3 wks ago.
CEO Grover's own words yesterday at 3:55pm est concerning the 8k and unwarranted reaction to it:
Vik Grover, CFA 3:55 PM
It is amazing to me maybe people do not know how to read the 8K properly. This was 2050 Public not selling 80% of the subsidiary to former management for a $50K note. 2050 Public (ETFM) still owns 100%. ETFM is not out of business.
The sub having a similar name may have confused the Street.
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