Forced selling today, all the retailers on margin but on the other end of that was the big, smarter money who know this was way oversold (remember how these kind of huge moves overshoot in whatever direction they are going) was glad to scoop up shares in the $10 area....back to over $12 on Friday, maybe more on Monday morning open.
Nice that it held at the same level, in light of the carnage of yesterday and the forced selling today....this bodes well. We will move back up by end of week, hopefully tomorrow but Friday and MONDAY for sure.
I talked to the new and very qualified IR lady earlier this week and she said NO, no need to raise any money for the foreseeable future, late next year or maybe she said 2017, not sure. And also that we are expecting to hear some results on an least one front "in the fall" as far as the two top things they are working on.