Earnings Friday. Bought some lotto puts 8 7 6 strikes. May hedge with a few calls this week. Don't know exactly where it's going, up or down, but, there are only so many assets they can sell to cover the losses. They can slow the burn, layoffs etc, but at some point they will need to sell product, intellectual property or BK.
I think this is a 3 or 4 dollar stock.
Just my opinion.
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