RE: WTFRecently there has been a definite lack of buyer interest and also sellers for that matter ... until the even $ was initially broken today by a few thousand shares.
It was not a freefall by any means of the imagination but unease is being felt by all holders of this stock especially when it now trades in a penny status.
There is no lack of sellers above the $1.05 to $1.10 area all hoping to unload before the year end, Management should take notice that 99% of shareholders are now well under water including the larger stockholders.
If they decide it's a loss cause, the stock could easily be slashed down to a fraction of a dollar and then puddle around there for ages until they stick the bit into a decent pool of oil that would initiate some fresh buyers for the stock.
Management had better step up to the plate and bat a few home runs soon.
Cheers