100 to 1 roll back is much worse than I imagined possibleI thought 10 for 1 or maybe 20 for 1 but 100 ???? Wowzer is all I can say. The rights offering makes sense, at least it puts everyone on the same footing going forward but I don't have the foggiest idea if this is a buy or a sell at this point. The rights at .015 is cheap paper , they are doubling the stock outstanding at less than half of the current price so there could be profit taking post issue putting pressure on the stock and of course if they do the 100 for 1 that equates to $ 4.00 a share and can the stock hold that price ?
I'm wondering if it will see .03 or even .02 , that would be a great buy.
So many questions but time will tell as always.
Good luck