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Originally posted by convexity:
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It is only common sense that if 63m shares are dumped, the stock price is going to be suppressed for a considerable period and this pullback may be nothing more than that. Heck, for a stock that was only trading a few hundred thousand shares a day until recently, it is a big statement that 63m shares could even be offloaded so quickly, irrespective of the price. It is overwhelmingly plausible that this decline is nothing more than the dumping of 63m shares.doesn't occur ... well, who cares if it goes to 1.5c before 10c etc… it’s just random noise.
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if they can get an contract with other manufacturers then the SP will be only upward, hopefully that will be the case. The three year contract from GM two years ago did not boost SP much, only one costumer seems too risky IMO
