RE:RE:RE:RE:it kill every hope I got toward CVXI've been adding as well. My first shares were at .45cents and now I'm buying even cheaper. My average is probably around 50 cents. It's definitely computer trading to maximize the profit on the warrants. I've placed orders at the ask and the sp never changed. It was immediatly knocked down half a cent. Only computers can do this.
Otherwise I believe there is a lot going on behind the scenes that doesn't reflect the current SP. We'll get out of this slump eventually. Give it another quarter. Remember, they have aprox .25cents cash in the bank and these warrants are adding to that. .15cents for a $20mil yr company with positive cash flow? This is cheap. Fundamentals haven't changed. The product is in high demand and I'm betting their bid pipeline is enourmous (100s of millions). Eventually the contracts will be executed.
On the warrants, they are great when you have them, but otherwise they are not good for investors. Companies love them because it adds free money into the coffers but this is a fact of warrants, and this case, they were way too cheap. Why they weren't all exercised when we were at much higher sp? I can't tell you why people make bad investment choices. Surprising they didn't. Now we're all suffering because of it. You only lose if you sell and I don't think this stock is a sell. Remember, there was over $100million in investor dollars that wanted in the last PP.
This story isn't over. Patience.