$SHIP This should be a wakeup call for those who dreamt that price cannot go below the offering of $1.70. Before 6 months, when the price was $1.20+ the company offered shares at $0.70 and the price went down to $0.40. How does this happen? Think about a scenario of selling shares first, (through short sellers) above $2 and then bailing out short sellers by issuing new shares at $1.70. Did it happen in this case? I do not know, (And I hope it did not) I am just sharing a thought for bulls to think over. I had warned one day before the offering. Read my past posts. One last time; sell and get out till you can. This may go down to around $1 after results. All in my opinion of course.
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