Firstly great first post @resourced. Well said and froom the heart, i hope yopu and family are well, along with others here who are down.
I have watched this unfold yesterday. To be perfectly honest i simply cannot believe this. I have never seen such savage sell down on two stocks this week who failed to deliver, POH and FTT.
In the case of POH, i can completely understand as the company failed in arbitration, and now face the legal costs of the arbitration, expected to be many millions of dollars to the other party, which POH dont have.
But in the case of FTT, thys have $4M in cash, there is cash burn but having said that all activities for now are halted for their trial.
For the market to sell down from some 7c to .002/.003 is beyond belief. No idea what or why, but i, in my 30 years of share market activity, have never seen such a wild reaction, or over reaction time will tell.
I am just sharing my thoughts here, and like most have no idea and am completely bewildered, but most of all my thoughts go out to long term holders.
drifta
Add to My Watchlist
What is My Watchlist?
