I hope this has been taken care of by mamagement. the last week saw 20 million shares trade hands so if this is real company I hope one of the principals sold enough shares last week to put up the five million. if so or some other way is found and reveiled then the pps should stabilize between $1 ans $2. If it hits oil then 4 to 5, and if no financing is found 10 cents.
Thanks thokie1. That's about the only explanation that actually makes sense. Is that standard practice, to sell personally held shares in order to loan them back to the company? Seems like a round-a-bout way of doing things, but I don't know how this works.