RE:1 cent represents $1Correct! But you need to account for the manipulation that is driving this down. The manipulation is done on Nasdaq (that's why it's *critical* for this stock to move out of the danger penny zone).
Canadian investors get scared and sell to the sharks waiting for the cheap shares!
It will stabilize after the reverse split, until then invest and trade accordingly!
And to the sharks waiting at 7 cents. GOOD LUCK!!!! LOL :-) The volume on this one will attract a lot of eyes and I love chatting and providing FACTS. Like the fact we have $25m in cash on a sub $50M market cap stock and the FACT that we have a bunch of sharks waiting at 7 cents!
Expect TURBULENCE until the reverse split/rollback. Sharks swim really fast. Get in with them and go hide in a corner hiding your shares! :-) LOL