News Focus
News Focus
icon url

SAKADAKA

10/16/19 4:19 PM

#1059 RE: UglyAmerican #1058

I appreciate these discussions and your insights as clearly there are some on this board that know way more than I do about this stuff. I do have a question, though. If people are buying the stock at 50 cents, than why is it now only 24 cents? I "get" that the filings and such are driving the price down, but why does it go down below what people are willing to pay for it? Thanks!
icon url

Computerbux

10/16/19 4:24 PM

#1060 RE: UglyAmerican #1058

You know I am almost never negative on anything. But I've done a deep dive. And what I'm seeing is dilution, zero volume, and they've lost all their cash and are down to their last $50,000. The 10k at this point should have been a huge boon; but it was terrible. At this stage in the game, it's too late. This is just "it is what it is" situation.

Did you hear from Andrew that they're looking at BK because of fraud?