HOw's that debt working out for you. One billion of it.
How did you like that pump and dump when the market maker distributed all of those shares to you suckers at $1.40 to $1.70 during the past week?
Don't you get it? This is essentially a ponzi scheme, since no dividends can get paid, and nobody will ever buy the company and take on the liabilities.
So, what happens is that the market maker kept it down at 70 cents for months and then doubled it up in one week and distributed the shares to new idiots. That is how the game works with companies that can never be bought out or pay dividends.
It is called crowd control, and you just witnessed the distribution phase.
You gotta do better than this if you are going to be successful. The only way to invest is to buy companies that are selling for less than they would sell to a private third party buyer.
You might as well buy Fannie Mae or Freddie Mac. They will never be sold. They will never pay dividends. But hey, they might go up...lol.
If you refuse to learn lessons then that is not my problem. Absolutely nothing changed that would make this company worth 70 cents, $1.70, or over $3 less than a year ago. It is pretty much the same company all the way through, so you are at the mercy of whatever the market maker wants to do.