Optimism & downside Stock price has settled and should trend current price IMO until news. I'm a little concerned about the blocks out there on the ask and rationale behind it but there are many rules of investing and if the funds are discretionary managed then they may be liquidating as a result of recent news, stock price or combination of both.
No one knows how this will play out so you can take the contrairian approach and invest as a turn around candidate or wait for confimration of the future and buy in at a higher price.
I rode HRG down from $2.25 all the way to .04 cents. Averaged down the whole way (dumb move) and then did a hail mary at .04. It now trades 1.20 (but I sold my hail mary shares @ .20 and was thankful to cover the majority of my loss)
Everyone needs to make there own decisions and undertake proper due diligence. My strategy on moo was to substantially re-enter at .02 or .05 + provided news confirming the future is in tack. I dont like the .03 to .035 range because if you go large and things dont pan out your market value could drop 33- 50% and it could be a while the company to re-invent itself
The optimism here is no matter what transpires I don't think MOO will be delisted or go bankrupt. S.I has too much invested to watch his shares evaporate and given his expansive connection to capital and juniors I would say the long term odds of share appreciation are good althought the company may look quite different future state.
Good luck. I'm still going to wait for .02 and go large or wait for deal confirmation and nominally top up my investment. Don't forget, drills turning only confirms sustainability of operations near term. Money will only be made by moo shareholders if they hit viable pay or play this as a trader using drill speculation as the catalyst.
There will need to be further dilution and/or alternative capital injection. Perhaps thats how S.I /pinetree or BWN will recover losses.
Happy Friday to you!