AH is different from regular hours, investor confidence is low. Add the mix of the Greece fall out and you have nervous holders trying to get out and someone on the other side of the trade trying to capitalize.
I took a loss today. I see this going down further until several things happen. They will eventually approach the deadline for the minimum requirements of a 1.00 to where they will be cornered to do a R/S. There will be more dilution and this will fall below a 1.00 again until they merge, buyout or BK.
Whoever is in charge of investor relations is doing a #$%$ poor job of building confidence in share holders. No PR from anyone to reassure investors.
declining well costs and increased efficiency are helping SandRidge achieve returns comparable to what the company made at higher prices. SandRidge issued $1.25 billion in bonds last month, which gives the company the liquidity it needs, Wilson said.
This may eventually look like NEWL, not as extreme and different industries, but they kept doing R/S until eventually the stock was worth close to nothing.