I happened to run into this stock for the first time today and was shocked by the number of reverse splits and pps crashes and yet some people continue to buy the shares. Does this company really have less than $1 mil in cash but over $135 mil in debt. With tts of only $7 mil they never ever be able to pay off even half of that debt.
Can somebody PLEASE explain to me why would anyone buy the shares even at current multilayer low prices?
Of course GREED is one answer and frankly seen how the share prices have come down from a high of over $86000/share (this is not an error) in 2006 to current less than 3 bucks makes one really want to jump in. But .....
"I see further risk"...could plz explain based on what stats or events, etc do you see this risk? All the news I hear coming out of Greece including the speech by their president this other day seems to indicate that not only the worse is over but that their economy is making major strides to the upside.