Wow, folks are pulling out all the catch phrases tonight: "stick a fork in it," "life support," "trip 0s," and total "colapse" (sic).
And our disinterested board historian is once more trotting out the fact that Eric was overly optimistic about Lowes, which didn't decide to start selling WC when she wanted them to.
I sense a final push to try to shake as many shares as possible.
I do understand the feeling! Heck, I spent most of the day waiting in the low 002s for the PPS to collapse down to my bid. Nobody wants to pay 003 if they can get 002 by announcing that we should stick a fork in it.
Maybe we'll see the price drop more! No crystal ball here.
But the folks who are saying trip 0s are essentially claiming the company will be valued at under $1mm. Say, for instance, "trip 0s" means 0.0006. At O/S=1.6B, that is a market cap of $960k.
Anything is possible, but I highly doubt that. At 0.0025 the market cap is $4mm. That's low, but $960k is ridiculous.
Wadi
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