A lot of the bagholders have been here since $0.10, rode the wave up to $9, and then watched it crash back to Earth over a few years.
The float is about ~10M shares. By that metric alone, there can't be too many bagholders.
The business model is what the business model has always been: underwhelming. Murray (old CEO) couldn't find cost effective financing which is why the business withered? The question now becomes, with new mgmt and capital readily available, can the business model and product become something?
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