RE: rationalizatons It's true when rationalizations start the stock has tanked and our minds are there to sooth the pain, by rationalizing the irrational. But we should all know that this company's stock shot up to $5 on hype. And while the stock was going up, hardly anyone checked the fundamental; it is the momentum that sucks people into the vortex of the market madness. And from that point of view this was a penny stock for it had no revenues, only the hope of revenues marketed by a used car salesman Bates and co or if you prefer a would be pig farmer turned miner CEO along with a docile board appointed by himself. Enough has been said already for the incompetence of this man and his ceremonial board, also called the Canadian Senate of CMK. Whether this company will survive is an open question and only time will show.