89K today while under a short sell restriction after yesterdays volume also under restriction and all in the low 2s or less. People getting out of this dog all day long and for some reason people are buying it. Too funny
They are giving creditors a stronger incentive to hold their debt by adding another level of protection. They are not going anywhere this whole fiasco started when a major customer canceled on a contract and left them hanging. Before that they were paying the bills and growing.
Never worry, with this stock its's not the entry you wish for, it is the exit you will crave someday. This turd is a loser. Somebody dumped 200K plus shares for a reason. This is now a 20 cent stock if you factor in the reverse split. They told us then it was to help keep the stock above $5 so it would stay on the AMEX.
As explained to me: The stock is thinly traded and a short sell restriction occurs when the market maker has insufficant shares to rent to the short seller. Also at certain times of high volitility regulations block short sales.
The second thing explained to me in response to my question, "how do I protect my shares from being rented to short sellers" I was told that shares held in an account with no margin against it cannot be rented out.
I transfered all my shares to another non margin account,
Hope this helps
The games continue, the short sells 100 shares to drop the price making his position better. But now there is a long player jumping it back up to make his look better. Today they blocked the short sellers. Good time to lowball an order , any shares bought are real sales.