Easy answer, no bid support, they can drop this like a lead weight with 100 share trades abd the liquidity is still anemic with such a low tightly held float. They want to accumulate at this level. Koan $$$$$$$
A shiny dime somewhere else. Obviously a shareholder has an interest in another company, has some nice gains even at .50 and needs to get out. I know, I wouldn't put an ask that low below the next highest ask. You would have to look at a 50% bump minimum in your new holdings. With almost 2 million shares traded well above 40 over the last couple weeks, we are building a base much higher than where it was.
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