It was trading at above $10.00 at that time. But their misfortune is our good fortune as you can now accumulate at below $.50 which I have done with the dips. They have reversed their situation and from here on we shall see nice price appreciation.
How can 'big money' miss something so badly as this? According to secform4dotcom, Cap Gen plunked down $24,157,296 for 2,684,144 shares on Nov 16, 2010. Currently trading at $0.45, those shares are worth just $1,207,865 . . . a loss of about 95% on the purchase. I can't help but wonder who was doing the due-diligence for them on this transaction?
How are they going to minimize the dilution from the 105 million shares outstanding, and how does dilution imply a reversal ? Thanks for your insight.
I bought 10,000 shares at $0.55 and would like to add more shares with the dips. Can anyone tell me the specific reason for the recent rapid and substantial decline in the price. I could not find any information that would justify it. Thanks.
Didn't the stock go from $0.80 to $3?
don't forget to Congratulate those longs who made money