The collapse could continue todayOverall market sentiment is in the gutter the last few sessions. This tends to put a lot of a extra pressure on CNE. Keep your eye on Cannacord as they conitnue leading the charge to the sub $5 range.
Still nothing from management, or the PR department. You would think that the recent tanking would have generated another desperation email from Mr Flick suggesting meetings/conference calls etc. Perhaps they recognize the futiilty of it all in the face of what has truly become an institutional play toy.
Certainly a tempting re-entry point for those on the sidelines, but it looks like there's still plenty of room to fall. Who'd have thought a company with 13K in current production, with 40+ million in reserves, lucrative gas contracts, a cr@p-ton of land with significant potential, is worth $5.