Henry: The reason the stock still trades over $1 is because it is impossible to short the stock. Therefore, it can only drop as current investors and insiders dump. So, it takes a little longer for reality to set in.
The stock is off more than 50% from the peak of their pump. When the SEC issues are resolved (one way or another) the stock will fall sharply again. Shortly, they will be unable to raise money unless they do so with substantial dilution.
The stock will trade for less than $0.05. I can't make time pass, but in time we will see if my thoughts were accurate. Everyone should do their own due diligence; certainly don't rely on anonymous message board postings to make investment decisions!
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