I would say a number of sellers are offloading and locking in a small profit from the cap raising price of around 30c, then using that to negate losses in other stocks. Also, that combined with current market sentiment, investors are reducing their exposure in stocks and moving into other asset classes.
Remember Cash will be King WTSHTF (soon) where there will be an across the board fire sale and we all want to be positioned for that. Expect Oil prices to fall further.
RIA Price at posting:
33.0¢ Sentiment: None Disclosure: Not Held
