Fear factor dominates, before GEO attacking LPH, the stock price was $2.67 range, just with some video & questioning revenue & profit margin, all the short sellers will come & join the party. Look at XIN, even though they pay a dividend, stock is still trading below a PE of 3.
The auditor issue is a BIG factor especially on company like LIWA that is belong to the RTO group with so many of them imploded in the past 24 months, investors might question the information from their financial statement also.
It was way undervalued 2 years ago at $9. It's so undervalued now there is a 2 missing in front of the stock price. Technicals are primed and extremely strong and still getting stronger. Growth is very robust and LIWA is going to blow the f ing roof off the house on earnings again. Numerous false hit prices and short attacks all proven wrong. Third party audits proving financials, paid out special rounds of dividends, buyout candidate, 65% or 2.3M shorts have continued to cover the last 18 months, etc.