For anyone following this stock since it's recent fall in past weeks at the end of the day for a week there (possibly longer) someone was buying anything and everything in the closing auctions. Sometimes 300,00+ shares each time. Most of this was happening between 50-60c.
For anyone who took noticed of the shorts being taken on SurfStich they would have noticed someone is shorting this heavily.
My opinion: that very person buying everything up is now using their stock to bring the price down.
Are they probably shorting this? is is Cameron? Who knows. But, I wouldn't try picking a bottom.
This will be taken to 30c or possibly lower IMO. Then, if there is a takeover offer I'm guessing it'll be around the buy in price this person was scooping it all up (50-60c) so effectively they have not lost anything.
SRF Price at posting:
41.3¢ Sentiment: Buy Disclosure: Held
