You cry...then...you invest another $50k at 50c (av)...you get another 100,000 shares.
You have now invested $100k to buy 108,333 shares...and your new break even price is around 92c.
I suggest this will be the average pressure point for upside resistance, with early buyers looking at a lower exit range and later buyers looking a little higher.
The insto's will want to turn a bad story into a good one and will likely push for $1+ to enhance both the company's capacity to raise funds which may well facilitate partial debt relief via raisings...but given the potential "equation here", will also likely generate a profit margin on their new "averaged down" positions.
The pivot re-load points will likely see a VWAP for the big players just under 50c...which, when accounted to previous exposure (read extent of losses) and indeed quantity picked up (net), will give us our likely short/mid term target ranges.
I know what mine is...and it is much higher than present numbers.
Cheers!
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
