''Here's something that might make your mind spin a bit more. Did the release of share from escrow actually affect the SP at all?''
Sure it did
The shares were released from escrow end of March..they announced the debit card launch on 22 April...on that day, over 100 mil shares traded which I assume included an enormous amount of escrow sellers who took advantage of the liquidity event to get out
This created millions of trapped buyers, kept the share price down and when the liquidity dried up those same buyers started dumping...and have continued ever since...the share price has never recovered
And I absolutely agree with Merchant that Regal are taking full advantage of the situation....in the same way you can't teach a cockroach to shower, you can't teach Regal anything other than what they do best
We are in the same boat...we want the company to succeed .....but don't go swallowing a lot of the manure you get fed by them
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