textbook
This is an absolute textbook manipulation of a thinly traded stock with weak institutional support. This is a LOUD AND CLEAR message to the management and board of Prometic. Despite all the great technology and promise, the market punishes poor communications and underperformance.
This will end, we are on the verge of complete capitulation, you can literally feel the fear at this point.
I sincerely hope that Pierre has some friends in the institutional world that can step up meaningfully and screw the guys behind this manipulation. The fact is, the company has screwed up ALOT but this stock is absolultely worth double or triple where its trading right now. This is purely technically driven trade...
lets hope Pierre is smart and savvy enough to work with one of the key underwriters and catch these guys with their pants down....
ouch