Only a matter of time until a huge collapse starts at COHO. Right now its a game of chicken between the day traders and Tangiers. There are no more buyers at the Ask, not least because toxic convertible debt is expensive for future holders.
Whoever cuts and runs first takes the biggest bang for their buck at $0.0017 and $0.0015, the rest will be fighting to sell at $0.0010 and lower.
Certainly doesn't appear to be any form of share buyback as stated in the recent PR, unless Rusty Bresse meant buying shares back at $0.0004.
VFIN + VNDM in play.
COHO is currently between the euphoria and anxiety phase based on the recent news.
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