Depth of Market Weak, Single Bids. Not GoodI have mentioned this before that the market support is very strange. There are single bids through out the market. The only time there are two bids is at $1.78. Why? Ask you Broker/Adviser
The simple answer is that, there is one fund propping up this stock. We know who it is. There is no real support in the stock, and thus investors please call your broker to look at this stock. 500 shares bid at $2.80. That is just weak.
In my humble opinion it looks like the east coast fund is clearly trying to prop up the market. Investors please do your homework.
We are facing a very challenging market, and this company looks like it needs a financing. More serious dilution coming.