The biggest volume so far this year, more than 1 million shares changed hand. No real panic here, meaning someone had bought more than 1 million shares. Of course, someone was frustrated enough to get out.
positives: the company filed on 5/16 about not being able to file 10Q, meaning the company is: a. still there b. investigation is still going on c. the company hasn't given up yet.
The stock is so cheap that it could pop if any positive news come out from the investigation, although it was longer than what I had expected.
Where can I go to join the lawsuit against Deloitte Touche for misrepresenting the truth about the mismanagement and false accounting reports where by Ron Chang and other administrators mishandled funds that went undetected.
After all the cheap shares which can possibly be bought from frustrated investors are acquired, the company will announce a deal has been made to completely restore operations. Subsequently we'll be surprised to learn insiders did not loose faith and amassed millions of shares which they'll feed to the market for enormous profits.