lotta optimists on these boards$8 people buying,$3 buy more, $1 doubled tripled position, $0.5 going to $1 soon, added some more, 36 cents.....
You guys shoulda been selling not buying......
You know like the insiders did way back.
Now, well yes they have cash on hand and some cash flow it all depends how fast they spend it or on what they spend it on.
At this point for a speculative stock with no significant assets other than the cash it has it is likely to bottom somewhere around here and likely to rally (a little, not a lot) once this selling runs its course.
Probably hold now if I owned it but still would not buy as a new investor.
Management credibility is shot and that takes a while to forget.