Wow. Who is selling? Giving it away? Feeding some strategy? The steady bleed is back. $0.30 to go and this puppy is worth only $100 million. Not deterred. Going to keep adding.
What is happening in the market? A bottom for HWD has been found in China which is a good sign. SWD or NBSK which Canfor produces and sells is holding well in the $700 range. A lot of downtime thru the industry from Q1 going into Q2. When the buyers know confirm the bottom they typically stock up. It's just a question of when. Summer, September? Buy this symbol at sub $2. In my opinion, it's free money if your can close your eyes and wait until September or October. Other postiive factors. Exhange. Low and avialble logistics chain. Limited downside risk. It cannot go to zero under it's current structure. Can it?
Back to the board. If they are not considering buying at these levels then they are not representing share holders. Dysfunction. House should be cleaned or assets should be sold to people that know what they are doing. Every day it goes down from here, change is then coming sooner. Good luck to those that hold.