Now it's tipping, and on high volume. The lack of any significant news in conjunction with the second round of proposed fundraising in the space of three months is obviously weighing. Wouldn't be surprised to see a slide below $5 in the next little while, especially if no good news and continued negative market sentiment.
Still holding just below where it opened. If this continues all day it will close above $5.40. All the day trade shorts will cover. There is a huge push lower but its holding. Will be above $6 by next week.
Agreed. Yesterday's news when all is said and done is 20% dilution. That's on a good day. If big money does not buy in, it will turn into ATM financing, which would really show a lack of confidence. One needs to remember that the pipeline is very immature.