The longer it goes on the more I think its a readjustment by the market and some heavy shorting. Surely, if the company held bad news they would have to come clean. its be trading like this for hours now. $1 is low from the GFC and that was an intra day low with it closing at $1.18. the closing low was $1.1 from what I can see and that again was in the dark throes of the GFC. the major difference now is the balance sheet is much stronger. If I owned I couldn't see any reason to sell at these lows better to wait to see if there is any bad news. no reason to buy though.
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