Yeah, but it possibly will. The dumpers are almost certainly just pushing the price down to get new issues cheaper under the ridiculous share issue terms offered recently.
The only consolation is that even they will need to be a little careful as buyer confidence is pretty well totally destroyed now until a good announcement comes along. They might get their 33mil shares & options cheap but they are not going to be able to sell them in a hurry unless there is something positive happening. After they have their shares any more attempts at dumping for more new issues or sales from the GEM issues will just make them have to hold or sell at a loss. There is an interesting conflict here between GEM issues and any further issues by the board to private investors under similar or better terms.
Once the new investors have their shares, you may well be surprised to see most of those 1 & 2 million sellers holding down the price at .012 & .013 quietly disappear!
If you were very brave and had a lot of money you didn;t mind risking, it's probably not a bad bet at .011, but not many brave souls left I think.
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