What your missing Matt is this. After the reverse of 300 to 1 , there ain't enough shares in the float to get the NASDAQ. But here's the problem, they print shares and the price falls. So like the little Dutch boy, they plug one leak and another happens.
That is why all us peons long ago said to Jack, get the price up first then do a smaller reverse so you get a higher price and still have more than 1million in the float with a $5mm float value.
Do some accretive stuff first, then do the reverse. They just didn't get it...maybe they will now.
Look, maybe these guys will be the Rasputin/Lazarus of the market. But I subscribe to an old adage that usually works: "Fool me once, shame on you...fool me twice, shame on me."
I will wait a long time before doing anything else, they may or may not undo this damage. At this price, it definitely still ain't worth the risk. I sold this and bought more CSMA, if only for quick pops, and bought some TNRG. You got to play the positives and not dead cat bounces.
TG |
