What a ridiculous myth...that a stock goes down because of Stockhouse bashers. requiemeterna must be reading a script meant for David Lucatch's next INT AGM. A stock is down because:
1. It has little or no revenue/income growth
2. Cash burn is high
3. Debt maturity is looming
4. No one from management nor the investment community are willing or able to create any buzz on the stock
5. Everything else is going up so people sell their dead junkers to buy the hot stocks
Maybe a few people were influenced by my previous posts. But those posts always had a news release regarding their debt being due by the end of June attached to it. So really anyone who read that NR can come to the conclusion that there's a real risk of default on that loan or a very dilutive equity financing coming. It would be amazing if the company can refinance without having to sell a piece or all of their assets off.
And even if these people were influenced by me, I'm not a "paid" basher. Just a former long who managed to sell at a bit of profit who is shocked at how disappointing their revenue has been 2 years after their FDA approval that ran the stock to 80 cents from 5 cents in two days. When I saw it at 5-6 I thought I'd get in again but as soon as I saw that the company has their latest debt agreement secured against their assets...no way. Maybe at a penny or half a cent its worth a gamble, assuming it doesn't go there based on (bad) news.