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?
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.