It's manipulation guys, no reason necessary. We can complain all we want there is 1000 of documents on CFTC site about "gold manipulation" and nothing has been done.
Just looked over Insider Transaction it says:
Net Shares Purchased
% Change in Institutional Shares Held (78.83%)
What the heck Institutions sold everything? I don't get it.
It's falling knife.. All supports are broken last one 2.52 that's 61.8% FIB if broking going to FULL retrace back to 1.67. Obviously something is wrong, why would if fall like this with 0.80/share Earnings?
As usual paying Debt at Shareholder expense:
"On August 29, 2013, the Company refinanced $2.5 million aggregate principal amount of the Convertible Notes by issuing approximately 698,000 shares of the Company's common stock, par value $.01 per share to a holder of its Convertible Notes. In addition to issuing shares of common stock in exchange for the Convertible Notes, the Company made a cash payment to the holder of approximately $51,000, representing accrued interest on the Convertible Notes as of August 29, 2013. Prior to the exchange, the Company had $120 million of Convertible Notes outstanding. After giving effect to the exchange, $117.5 million principal amount of the Convertible Notes remain outstanding "