RE:RE:RE:We just get bent over on zsanBad but not a disaster until you let it fall further. These companies need cash and financing will happen only when those providing the financing see a deep discount. Here many shareholders will sell
you must exit 50%, sell 25% fast and try for higher bid by 7.5% above first reduction. If it continues to fall sell more. I have mentioned financing risk but it is imperative we track cash and operating cash flow. Plus we must verify monthly burn rate.
So exit some, ask $3.88 and $3.95. Hit bid if weak, but reduce. Your mind must be clear and a reduction is positive. If stock rebounds and runs great as you still have skin in the game and maybe can sell at $4.75 and $5.75. That helps break even.
I find 80 to 98% exit is best and clears the mind where you can, 1. Address other opportunities,
2. Re-entry maybe as low as $2.70 ZSAN only on positive support because if that hits even $3.80 you will be out and even.
Reduce reduce, and note there was a chance to reduce prior day on a forward jump 1/5 to 1/4.
Tough trade, handle wisely. I am not in ZSAN as I was on other bio as posted but do hold Tenx.
Cheers Manx