Trades have been trying to catch a bottom since .004 in my opinion. If retail stops buying the new shares who knows where the bottom is. Traders have absorbed by the hundreds of millions in the .002s and below believe that Q3 will be blue sky fuel and make everyone rich. When this doesn't happen they won't be waiting around to see what happens next with this very old story.
Judging from the FAQ page this CEO has no problem with it trading in the trips. He has a sort of "been there done that" attitude in my opinion. This CEO isn't stupid, I just believe his loyalties running this "investment holding" company with 2 employees is not with shareholders. That clearly is the history.
The current Board and management does not support a stock consolidation. There are only two reasons the board would consider it. The first would be if the stock halts trading because it has reached 0.0001. The Company has already been through a situation where the stock hit .0001 and essentially stopped trading. The Company resisted doing a consolidation then and would resist doing it in the future if anything near to that happened. The Company does not foresee how that can happen now that it has a valuable asset in the treatment center and still has a well performing real estate asset in Canada. The second would be to up-list to an exchange that requires a minimum stock price. The Company could seek an up-listing at some point in the future but there would have to be some sort of financing tied to that. Neither of these situations are in the foreseeable future.
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