Further reasons why I sold this stock.. I just realized that due to the dilution of the stock, the present stock price is still much higher than the previous owner's period. Yet they took the advantage of selling the stock they owned with an exploded amount at an exploded price. We the new believers of the stock supported this stock and suffered loss. 50% of some of our investment into this stock is gone!
Since the price and amount of the stocks were so much ballooned, I believe there is much more room for the price to go down.