Panic selling?? That's laughable as to who in the world would they be selling too? There are virtually
NO buyers. Freaking company has lost over $60 million since inception has NEVER made even 1cent of
profit and has NO assets after blowing that $60 million. Oh yeah...no assets except the patents. At that price they must have used the same people that Obama did on healthcare.gov.
The problem here is simple. There are virtually no NEW buyers of this stock. The trend for Payd is that a rumor gets started and quite a few new buyers jump in....the stock price rises...time passes and the rumor has NEVER panned out to be true. So what happens to a stock that there is no market for and has no real value except..maybe...in a patent? There is no cashflow stream, no liquidity, and years of continued losses.
Tech...what happens? It dies. Slowly, but it still dies as there is nothing that can keep it alive. No new blood (money) coming in to sustain it. The rumors will provide short term relief, but have no lasting effect except to dilute a stock that is already massively diluted. Like giving a blood transfusion to a patent with a severed arm...its gonna help, but he is still going to bleed to death.
And there it is folks...the ever present quote from the hopefuls: "Let's hope we see something next month." The guys looking for Big Foot and the Loch Ness monster say the same thing to their investors!! At least they have some grainy photos.....LOL
Coyote....its ALL fluff. This company never had and never will have any assets. Myself and many others bought in based on the hype that was pumped on this thing. The sad part is that there are still so many that are hoping against hope that something is actually there. This in spite of the countless times that it has been proven to be bankrupt and without value. Then there is the ever promising patent. The elusive asset that no one can put an actual value on...OR...a definite time period to monetize. This makes the PERFECT vehicle to keep people's hopes up as nothing can be verified thus leading to mgmt's ability to say or NOT say anything they want. If this stock was $2 to $3 per share then there would not be any investors. As it is at 10 cents, its more of a fun hobby due to (hopefully) no one is going lose their livelihood over this investment.