Public Offerings at low prices always drop stocks immediately. almost to near death.
They always bounce right back up. This is just because the company needs to do the public offering to raise money and investors get very scared. sometimes it is the regular people who get scared and the great investors know this will happen and pull all thier money out. sometimes great investors use this to thier advantage and pull out immediately knowing they can buy back in at clearance prices knowing that it will bounce right back up again.
This is a ridiculous buying opportunity at 8.5 cents. in a month it will never be this low ever again. They raised 5 million. this company will most likely be ok and pull through. This is the opportunity to guarantee your riches in a few months but if you can hold very long ....about 1 year or longer you will most likely see this climb right back up to 2 buck range. basically that is more than a 20 bagger.
This is one of the few IMO that will go back up to where it was. Holding it for a while. Beware of negativity a lot of people are trying to push this stock downward. Why are they? because they are covering. dont worry about them.