This is not far fetched. This is a powder keg.
You would think the company would buy back shares at this level to pressure the shorts as well.
This could run to $4 - $5 dollars in a week.
That's my point. A healthy company would buy shares or at least some insiders would ante up if it's such a great deal. If there is another dilution that screams we're stealing your money fools. Issue shares...R/S....short it down........repeat. Death spiral finance scam.
Especially in China. This will be a $5-$6 stock in a year or so.
Adds to the pressure.
The union concessions stabilize the company and open up talks with creditors.
The company should give them shares of stock equal to their concessions and then some. Now everyone has a vested interest in returning to profitability.
This is only to get the share price over a dollar.
Something is fishy. With all the debt for equity swapping you would think someone sees some potential. Is shorty going to cover and buy and make a killing on the way up as well.....or is this death spiral financing at it's finest?
Fundamentally it changes nothing. There is no dilution like when new shares are sold. It means absolutely nothing other than a higher stock price...period.
Just had a 20:1 split and still at $.50 pre-split. Was at $.50 for months and months.
I would agree with that option as well. It's a bargaining chip is all I'm saying. When the $3 isn't on the table though .....
This could be interesting in the next month or two.
Looking for about 5000 shares but too many people are still selling.