RE:Decided to buy in at this price
Ouch! You bought just before the Reverse Split which was 20 old for 1 new. This has decline from the post split rice of over $5 to well below a buck now and currently trading just over 65 cents.
This company has been converting it's convertible warrants into common shares ever since the Reverse Split and therefore diluted the outstanding shares to around 11 million shares now.
My logic is telling me that someone has been buying all that cheap paper. The Company has been growing it's business by acquiring other businesses in strategic areas in the U.S and Europe.
I have started to buy this Company's shares around 60 cents and will scale in if there is any weakness.
Earnings Report due this week so anything could happen.