last time i saw this sp action was at 17 cents about 12 months ago. The sp unexpectedly plummeted to 12 cents and a week later they announced a totally unexpected CR at 12 cents. This was shortly after saying they were cashflow positive, which we later found out was not true.
Ironically they have recently announced they are cash flow positive (again) and i am seeing the same thing.
One thing for sure is they are paying a lot in salaries in order to make the revenue increases that we have seen in the last few q's. I think they would like to increase cash on hand. My guess a CR at 30 cents
BIG Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held