RE:plot theory may be applicable hereThe company may have defaulted on approximately $6 million, which is equivalent its entire equity base. The company also notified investors that it will not be getting its line of credit, which means it will not be able to grow. The selling was not "orchestrated"! These "orchestrations" don't happen by institutional investors. The selling was calculated by investors...with millions of shares traded and many shareholder bailing.
Some people told me to sell at 30 cents. I didn't listen.
I told others to sell at 15 cents. Some didn't listen.
There is no value in a company that has a shaky management team, with no expectation of growth and return of capital. Really...I would love for someone to explain the real value here. Sure...some money could be made trading from one bag holder to another...but that's it.
My guess is things just get worse...
But hey...good luck.