RE:RE:RE:RE:RE:RE:RE:RE:I warned everybody this was headed down the Nortel pathNah it's because there were large institutions that held this that when the company got removed from the TSX composite index or transferred to the US home base or because of divvy cut, they had to unload and these people don't have 50 shares to sell but 500k to millions which takes weeks and months to finally sell. End of quarter usually brings these guys selling pressure up to max because they have to be out by quarter end. I've seen quarters where Suncor went down 20% in the last 2-3 weeks in end of quarter or Enbridge or BB....then selling pressure is over and it goes back up.
Along with all the buyers who use stop losses that get autotripped on the way down lol
Right now this is a 3-1 or 4-1 share sale until management proves they can pay down some debt which will take a quarter or 2. The more debt they pay down the higher the share price gonna be.
Short some weed companies that trade at 100x revenues and ease in here at a big 0.1x revenues. Don't go nuts and buy all at same time because this will take time to play out and people will be rushing to buy at 20 again when debt is reduced.