not enough buyersNot enough buyers and to many moron sellers. I looked at the chart and approx 4.2 million shares have traded under 12 cents over the last 3 years. Half of that occurred a few months ago. I would say those who are selling down here are selling at a loss. I wonder what kind of results will make this hold up??? maybe we gap up to 30 this week, but it will probably come back below 20. Watching this stock for a few years, and having over 700,000 shares with shares as high as 31 this does not make any sense to me compared to many other stocks out there Most of the last year the stock has dropped for the most part on what i thought was very good news.
One thing is for sure it makes it really tough to hold this for a long term outlook. Why would anyone want to hold it long term. Your shares are kept down and then diluted at higher lower prices. I an sure this will go up in the next few days, and weeks, but it will be tough to hold this any longer.