I wouldn't feel sorry for day traders- $900,000 worth are in there, and will be attempting to push this back up on Monday- that's if a capital raising is not announced. This company really needs money and has announced it will be adding 40m shares @ 80% discount, and 10m options @ exercise price of 6c to the registry- at some point. This is bread and butter stuff to day traders, and they thrive on it. No doubt they are pumping and dumping each day several times a day, probably, and making their profits quickly- or losing, if they have less experience and just rolling with the volatility.
CDB Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held