No support...dropping like a rockIt's insane how the sentiment has changed in the span of a few months. Investors were optimistic about GCL. Then Zucker fund sold a big block, a few so-so quarters and the stock is in a major correction sprirale. It should stabilize around the 0.67 - 0.70 (recap level). After that, they better show something positive in their results. Otherwise, it's the end of the turnaround story and the company are going to be sold to pay the remaining debt (that is going back up again). I would not be surprised to see Briscoe with Zucker buying this for peanuts at the end.
Really sad story. All the big $$$ are gone in smoke.