Told you so......again I first predicted sub $2 back in March. Within seconds there was a response from a character named "Wilf" talking about how stupid I am for even suggesting that it would go that low. Who is the stupid one now Mr Wilf?!!!. Thats correct, it would be you.....
For genuine investors, this is no doubt a great asset. That is not the issue. The issue is the very poor execution from management. Why do you see such a decline in the SP? It is very simple. This company has this one asset and is not cash rich. Events such as these can be enough to push smaller companies into bankruptcy which is why you are seeing such a large exodus. Investors are trying to preserve whatever capital they have left.
Do I personally think the company will recover from this event, yes I think that there is a greater chance of recovery than default, but default is not out of the question either.
I cannot stand posters who constantly paint a rosy, but false picture when the facts state otherwise.
I have a considerable position in the company myself, good luck to all genuine shareholders (we are going to need the luck!)