It's got to be dilution. I can not find or think of any other explanation. When it went 10 cents below the public offering I couldn't believe it! Also they had they're best earnings report or least worse earnings report. lol It looks like they could actually turn a profit next earnings. When it went over $1 I would expect profit taking but tanking almost to it's 52 week low was shocking.
Seems like a great time to just consolidate as it probable slowly slithers up and hopefully maybe a little spike if more good news comes out. NASDAQ compliance is probable or could be what is weighing it down so bad.
I need to find out the NASDAQ deadline and if any reverse slit is in the works. I can't imagine another public or direct offering at these prices, that would be the kiss of death.
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