Cut your losses. You're in trouble. It's under "a buck" and the Shelf is tapped out at 250 mm shares. They're going to reverse-split to get it over a buck and then there will be more dilutions "to raise capital" (the usual excuse). Looks at the chart. Look at the "short interest." I would suspect that ALL the institutions are shorting it hard. My bet is you can't make a penny here. Cut your losses.
Murphy's Laws have not been repealed. If YOU were shorting, then there was going to be a big buyer at close 11/25 that would jack your right out of your margin account. How'd the phone call go? Are you liquid? Do you have to cash in the kiddies' Ivy League prep school fund? Is your 1969 VW bug going to be repo'ed? Have you decided that you actually CAN live on dog food for a month or two? Was your wife going to leave you anyway? Have you been pricing cyanide on the net? Does the dog still come when you call him, or does he look at you and sneer?
How long to the delisting notice? Float = 250mm; 300 mm tops, and exercisable warrants scattered about. When's the r/s?
...that's a GOOD reason to jack the pps higher. When your over-hyped stock ONLY loses $68 mm, it is DEFINITELY time to celebrate.
and dem neegrows are so desperate, they're grateful to work cheap. Don't you love your position on the food chain? I'll bet you're thinking this "natural" order will extend unto your children and their children.
Index hedge funds are suchking the life out of everything they touch. When the options players jerk the index boys, you feel like you spilled.
Wall Street Heist!
with my state-of-the-art electronic thing-a-ma-jig.
It's time for their bath.