We know that the company has a healthy cash position but we also know they won’t use it to protect their shareholders… they actually caused this drop by raising it in the first place.
We also know that the cash position means little to the sellers right now (I was assuming it would produce a floor)
At a 52 week low, Nurometrix is very dangerous knowing what we longs know.... and the shorts have been profiting off of.
I went too big into Neurometrix thinking there would be a floor and I'd make a quick buck but have lost confidence and had to lighten in order to pick up shares if there is a share price Armageddon day.
The thing the the Larry the Fable Guy wants to scare you into happening.
I still think the company will be successful and if so the stock will be trading at 10 dollars in a few years but I really think it could go down below 50 cents first without management support.