Good grief! First insiders dumped 12 million dollars worth of stock one day after product approval. If that wasn't red flag enough then the massive pummeling the stock has taken since then should be.
Now the market has stepped up for us and placed a fair value of $4/share on this dog of a stock.
This scam should be obvious by now.
Some did make millions though. They sold one day after approval.
I just thank my lucky stars that I got a feeling that something was fishy and dumped my whole position at $12 for a massive gain.
But there is much more downside coming. The market will eventually match the share price with the newly established fair market value of $4/share.