RE:After hour news - explainedGiven the financial difficulties of the company, I'm wondering if the company still has an accountant to complete the financial statements. Hence the delay and the MCTO. If that's the case it may be best to use the high volume today to decide if you want to preserve your capital, as you need money to make money. There are always other stocks to invest in.
The recent movement of the stock drew my attention here, but after a closer look at the company over the weekend, it's not for me. Good Luck to those that remain, I hope I am wrong, as I hate to see retail investors lose money.
It can be a hard decision to make when a stock is down so much from where a person had bought it. Unfortunately, I know as I've been in that position many times in the past. It's the hazards of playing penny stocks. If this company does turn around in the future then I'll be happy for those who did well, but in my experience I'd prefer to miss a few trains than to be on the one that crashes. There are always trains to catch, but you need the money to pay for the ride. You can be assured that whatever management does to restructure the company, it will unfortunately, and in almost ever case involve a reverse split. Management will need a lower share count to raise capital in their new venture.