Mid-5s Today Looks Likely
All this fluff about the A/S and the O/S is just a distraction. Like you say, it'll be a long time before the A/S converts over to the O/S number. I get that some might think it's the company's way of trying to raise easy cash that shows little chance of being recouped by investors but I don't think that's what's going on. There was some serious bid whacking and it showed in the chart that was posted late last night. I'm trying to figure out the motives of the naysayers at present, because I don't see them as short sellers in this instance, so why the gloom and doom? Something else is going on.
A few days of downward movement is having an effect on a few of the bigger buyers, but I look at the daily trading volume and I don't see a likelihood anytime soon that it's going to enter into an extremely deep trough. Has it been a week characterized more by the downs than the ups? Of course, but this is an energy/oil stock and the markets -- no matter if they're OTCBB, sub-penny or whatever -- are sensitive right now due to that issue with BP/Transocean and the Gulf oil spill. That's bound to have an effect even on the tiny of the tiny (in this case, VYGO). It's not all about that, but there's a component to it.