PUT IN APRIL 11-30TH. The 11th was a Thursday, was around 4.00, Monday the stock started tanking.. by the 23rd it was 2.50. Then it bounced off the bottom. WHY DID IT DO THIS??? There are forces working this stock over that go far beyond fairy tales, sparkle ponies and dreams.. far beyond fundamentals. This stock is a volitile highly speculative stock. If you don't agree.. look at April .. then tell me why it did that. then I'll listen. It did that BECAUSE IT DID! No news, no accounting.. nadda.. it just did. Then it was held down by "the forces" that continued to F with it. Wakey wakey.. someone is #$%$ with this stock in a big way and therefore will be f'n with you and your money. This time it rebounded.. next time it might take a lot longer.. can you hold that negative sea of red?
Changed auditors April 16th, stock tanks since investors don't like accounting related issues. Stock bottoms April 22nd since some investors decided price too low and due for bounce or value play, possibly no accounting issues etc. No magic, no fairy dust.
BLAH BLAH .. don't believe a damn thing you read on this site! One day a guy with a nick ending in 69 said to sell at 3.68.. same day it went WAAAAY UP . don't listen to these people. At any point you can get stuck with a big ole bag of #$%$ #$%$ stock like when it tanked to 2.20 for NO REASON!! Anyone talking about that? Nooooooo they're just spinning it in with the accounting situation.. but IT HAPPENED BEFORE THE ACCOUNTING "SITUATION".
Methinks bad news is now behind us. I'm thinking 3.85 but that is just a guess on my part. Market is always forward looking. Question is how much of this was already priced into the stock. Buying opportunity in my view.
Sentiment: Strong Buy
word of advice don't load up at any price this pos will end up being your worst nightmare. So many naïve investors before you have made this mistake don't buy and don't look back this is the best advice anyone could ever give you.
Sentiment: Strong Sell