With this closing at .0065 and him being on the ask above that, I don't believe he sold anything today. Saying that he will probably lower his ask has about as much weight as me saying he will probably raise it. Until one or the other happens it is only speculation and guess.
So what is your target price for reentry if you have bailed?? I don't know many that hang around after they exit a stock unless they have a plan to get back in. If they are diluting like you believe and it is a kiss of death why bother watching it?
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