That's the problem with dilution based stocks and the reason you can't buy their CNV's support levels... The dilution is more powerful than any support that is based on conversion prices.
It's funny actually...knowing the metrics, to see this stock drop this much this fast. It's literally lost 50% of its value in the two weeks I've been watching it and it still isn't a buy.
The three stooges leading steering this ship towards the reef can't seem to grasp simple math...
Reverse split now and the stock price would be over $2 bucks... Wait another two weeks at this rate of descent and the stock price will be between $0.50 and $0.90 which is a whole world of a lot less leverage against remaining debt.
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