Certainly a poorly timed announcement.....not going back to $3 very soon (yes exactly because of the the bearish points made here)....but if you purchased Friday afternoon, $2 or $2.50 within 10 days would be a handy result.
Very nice post earlier from tcng-007...covers the issues well.
Ill timed announcement....which they will retify and further clarify prior to market open Monday.....announcement will reconfirm good shape company is in, and all but withdraw yesterdays proposed split of company.
Go to company disclosure last Friday week......no cash MUST be raised now....but as explaned by tcng - it would just be nice to have a "perfect" balance sheet right now, but they blew it.
Margin selling drove it down to those levels Friday afternoon.
Back to $2 easy this week....I would suggest.
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