RE: RE: Next Financing Johnny,
Rather than try and time the bottom, use this as an opportunity to dollar cost average down your position. There definitely is support for the stock at 18c. It would probably take a lot to get the shareprice lower. Think about it.
Anyone with an existing position would be selling at a loss. Someone wanting to get in on the financing is probably selling short in the hopes of getting in on the financing and using those shares that they purchase to cover their short position. If this is the case, then we should all be buying. The first advantage as stated is that you dollarcost average down your position. The second advantage is that you reduce the spread between what they sell the share for and what they can buy it for. The third benefit is that the shortseller has to go short a whole lot more shares, thereby exposing himself to a lot more risk! The fourth benefit is that it reduces the dilution for the rest of us longterm holders.
On the other hand, if it is not in fact someone selling short, then they have probably been forced to liquidate their position (for whatever reason - margin call on another stock etc.). This again gives us an opportunity to dollar cost average down. The more of us who participate, the quicker we burn through their position. Once this has been liquidated, the selling pressure should disappear and the shareprice rebound.
Again, just my 2c.
Mymoolah1