Not saying it will happen, but are you prepared just in case?
The company will go on, however the stock may not. Or at least may not with the current situation.
This is rock bottom.
Talk about pathetic. Not one person able to pay the ask price????
One would think the stock is at $60,000 a share, not 66 cent with volume like this.
And what's worse the stock drops 5% on $1,000???? #$%$?????
All will take what they can before the stock price is much lower.
Someone explain to me why Yasbek bought 40,000 shares on 11/4 at 80 cents and then sells 20,000 shares on 3/31 at 63 cents.
This tells me one thing and one thing only, he believes the stock may not be around much longer.
Shares sold at 63 cents. They are trying to get out what they can while they can.
Institutional holdings dropped 30% from previous quarter.
Only companies past their growth phase and in product maturity phase will go out and purchase other companies to continue to grow. So Smith thinks his company can't grow with the current products eh? Well for once he's obviously right. This is a last desperate attempt to save the company.
Exactly. There's nothing out there. Why would a company keep it hidden? Especially one desperate to push the share price up over $1.00.
Man oh man a reverse split will be ugly. It will drop 50% in no time. Look at how horrible the volume is now. Divide that by 10 afterwards. This stock is in trouble. I can't believe how horrible the volume and bid ask spread is these days. One big order can move it 10%.
Honestly at this point you are probably being forced to sell to make ends meet. You aren't that dumb to keep buying at this point.