Pretty much what I expected and why we are here in the 5s
Being strongly controlled by my guess black rock or a subsidiary or partner of them or similar
Reason 1 is averaging down ( don't forget what these guys paid for shares) they have the power and control to easily average down without changing the % of holdings
Reason 2 accumulating more shares at the lowest possible value
Reason 3 and my most likely scenario is working in conjunction with a buyer to control price down so a low takeover offer seems reasonable ( Many here would take 12-15 cents and run at these levels ) but would you take 12-15 cents if our price was 10-11 cents
Goodbye to mum and dad investors, media and trading technology has made the wealth transfer too easy for big business.
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