It would not be out of possibility. Someone with deeper pockets buys the brand and its customer base , then cleans house and cuts the overhead. I think most shareholders, including institutions holding would accept it.
The way this is going I can see it hitting the threes by the time Labor day is here. If it sits at three or below til Christmas, they will most likely be contacted b the SEC about fixing the stock or get delisted. I have taken such a punishing being a long, its time to stop fighting the massive tide and get on top of the wave vs being under it. It will be refreshing to wake up each day being happy seeing the miserable stock price down and know that's a good thing1
does anyone feel the stock needs to go to 5.50ish in order for it to capitulate? Seems like it wants ot set a new 52 week low. I have been burnt very badly with Groupon stock over the past year, and sitting on the sideline wondering if I should ever get back in, but would only consider it if it took one more dump.