A reverse split is the only hope for this company. No way they'll meet the new extension requirements on fundamentals alone. Of course, a reverse split will just enable everyone to re-short and pound it back down to these levels again!
I do not post here to earn anyone's trust. Merely pointing out that the commercial loan portfolios of regional banks in Southern Oregon have the potential to implode. I work with these guys everday and I have access to non public information.
So Brien what do you think Ford meant when he said they are exploring all options? Perhaps you can enlighten us on how to get back to a buck with a cease and desist,rising NPL, and probably $300 million of commercial loans that are going to be written off in the next 18 months. RS is there only option. Let the shorts feast on a 10-1 split!
If you don't think a reverse split would be bad news, you're nuts. The only reason more people aren't shorting this stock now is because it's very difficult to find a firm that will allow you to short penny stocks. If they do reverse split, thay'll likely do a 1 for 5 because anything less could have them right back in the same situation of non compliance that they're in now if they're was any downward movement in the stock. It just seems hard to believe that there could be any news in the next 180 days that would cause this stock to climb nearly 150%. Not saying it can't happen but the odds of ANY stock going up that much in that time frame is very slim.
And to wooglin, cristal is a champagne, crystal is the proper spelling for your application of the word.
"Is this a fact or you looked it up in your Cristal ball?"
I'd say what the poster wrote was SIMPLY his/her OPINION. Most posts are just that!
How many seconds to make this post a "one star" post???
1st: learn how to spell "Crystal". 2nd: Almost without exception, reverse splits are a death sentence for a stock and this one will not be the exception. No fundamental news in 180 days will materially cause this stock to double and avoid de-listing. The ONLY thing that will accomplish it is a reverse split which will draw short sellers to it like a chicken on a June Bug! Don't need a crystal ball to know that!