Just a thought....from a novice. LolI was wondering why Cnc was so volatile and being pushed down so often.
Bots, algo's and shorts were first to mind.
But I went back and looked at previous private placements, warrents, preferred shares, Noble holdings and all the possible shares bought under the $1.00 price and I'm thinking maybe all we are dealing with is to be expected profit taking from all of these guys including shares issues in lieu of salaries etc.
Now my hope is that eventually these profit takers(no blame assigned) will run out of cheap shares and then possibly we might finally stabilize.
Others might have a more informed opinions?
Glta ,all we need is more volume to churn through I hope.