the only question left is when management is going to announce the dreaded death spiral reverse stock split; amazing no one is getting fired!
I think it will go below $1.40 to $1.25 or so once the reverse stock split is announced.
With options taking in consideration, there are well over 400 million shares outstanding.
With a 1 for 10 reverse stock split, there will be 40 million.
And this will allow management to continue to fleece this company.
I'm kinda spooked that the CFO left - and they always say it was for personal reasons.
I know employee morale has been in the toilet since they fired most of the good engineers, but is the company really sinking into the abyss that quickly? My friend still works there, probably not for much longer, and he says they are doing terrible, with cisco and Chinese companies slicing and dicing this dinosaur managed company. Pathetic.
if TANK says $1.40, YOU NO BUY until $1.40 as the unknown is this nasty little Reverse Stock Split
with almost 400 million shares outstanding DISASTER!!
the blips up are just that, selling opportunities
If you want to day trade like to day, and buy low and sell high, do it quickly
then wait for the next drop