I posted this on the other board and thought I wou
Post# of 148293
Clearly, the large volume and drop in sp is due to people selling to participate in the warranty offer. I suspect the quick drop to .32 after the opening bell was due to an aggressive seller(s) who dropped the price several cents and triggered stop-loss orders that added fuel to the fire. And now there are a lot of nervous nellies who sit on the sidelines while the bashers add even more fuel to the fire.
Unless I missed a PR or video, what has changed since the annual shareholders meeting less than 2 weeks ago when everyone was so excited about the news? Now all I'm hearing is a lot of negative assumptions based on the "tone" of the CEO's voice in his last video, and negative assumptions based on the company extending a direct offering to other investors, and by a whole week. So now he's "groveling for pennies". Really?
Being a long-term investor in this stock, I FULLY understand the frustration level here, but one thing I won't do is undermine my investment by making a bunch of assumptions and bashing it on a message board. Instead, my message will go directly to the CEO and BOD where it will be heard by the decision makers. I would suggest you do the same.