$CEI This coming Friday is the limit for them to file the proxy if a shareholders meeting takes place this year. This is important because the company would face delisting on January 2nd if the stock is trading below 0.2 that day, at this pace the stock could easily get below 0.2 by then. Without a shareholders meeting this year they wont be able to either do another RS or approve the RM. Lets see if there is any communication over the next 3 trading days. The fact that it formed a hammer today, the RSI is at 20 and that it seems it formed the wave 5, could be an indication the market is expectant to see if they file a proxy and possible reverse, trade safe and keep an eye on possible news or filings in the next 2-3 trading days.
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