A friendly reminderThis stock moved with the pack of LPs in the recent market run. But it has now retraced over 50% in a week. It will keep falling. There is no support and a ton of short interest.
This stock has no floor because it has no investor base. It has no institutional ownership. It is extremely diluted. It has a poor balance sheet. It is in an overregulated industry.
There is little (if any) inside ownership. Only RSU's and DSU's are being awarded to management and it seems as if management is helping MMCAP make a pile of money from it.
This is not a stock to hold. it is a trade when it slides into the teens. Nothing more.