"Banks" are selling their warrants to lower their basis in the company...so if their average/share cost in the loan deal = $0.70 and they have sold their warrants for $0.25 = their net basis is $0.45.
A bounce will come once the warrant selling frenzy is through.
Wow...i thought about selling until you're incredibly WRONG comment....simple R/S math not within your capabilities?
They have plenty of cash but probably will never make money....hard to evaluate share price in a collapsing oil price market....watch out for Iran's production.
If the price per barrel revisits $10 as it did in the '90.s...all bets are off.
Fascinating to see what would be considered good news for any other bio-tech stock serve as a basis for the MM to drop the bid....have to hang around to see how this one ends!!!
Its called a reverse split...no loss of value and you meeting listing requirements....investing 001
MM's buying on a Friday afternoon with high volume before the earnings call next week = BULLISHNESS!
Aren't you off the payroll now dude? Conversions are over...classic turnaround day!!