Hopeless? While those investors who sold the 2.8+ million shares during the last 3 days were thinking that it was hopeless, the "investors" that bought the same shares obviously are full of hope. Half-full/half-empty.
EXACTLY CORRECT! The volume and insider buying has been very large. I am fairly certain that we will see a report early next week reporting in a SEC Form 4 that there was additional buying on friday, September 30. "Volume precedes price" as the old saying goes on wall street and this is probably a very good time to accumulate shares. I do not know why this should be the case as on a fundamental basis this company does not "seem" to be particularly compelling BUT volume usually does not lie. I was skeptical when the price was around 30 cents but with price cut by 75% there may be reason to buy in this range IMHO. Any INTELLIGENT comments would be welcome.