in the last 9 days we are down almost 50% pps
PRICES
Date Open High Low Close Volume Adj Close*
20-Nov-08 0.14
19-Nov-08 0.21 0.21 0.16 0.16 66,835,000 0.16
18-Nov-08 0.24 0.24 0.20 0.20 61,333,200 0.20
17-Nov-08 0.27 0.27 0.23 0.23 32,419,200 0.23
14-Nov-08 0.27 0.27 0.25 0.26 19,444,300 0.26
13-Nov-08 0.25 0.27 0.25 0.27 26,689,200 0.27
12-Nov-08 0.25 0.26 0.25 0.25 37,508,000 0.25
11-Nov-08 0.27 0.27 0.23 0.25 37,744,000 0.25
10-Nov-08 0.28 0.30 0.27 0.27 48,422,500 0.27
How long before its in the single digits?
The problem is that even a 1 for 50 split may not even help them at this rate.
The split is not necessarly to help them (it is but not in the way you think).
It is to keep the stock listed in the NASDAQ. See, the NASDAQ has this rule where the stock price has to be above $ 1.00 USD, if it trades below that for more than 30 consecutive days then they run the risk that NASDAQ will delist them. Then they will have to trade on the OTC market (the pink sheets) which is not good.
The issuance of the 4.5 billion shares is to help them. How, by raising cash, glorious cash !!! But then they will dilute the price of the shares and our equity.
HELLO... we already touched down to .0926
After Hours
Last: $ .1502 After Hours
High: $ .158
After Hours
Volume: 659,017 After Hours
Low: $ .0926
After Hours
Time (ET) After Hours
Price After Hours
Share Volume
16:26 $ .1402 23,185
16:26 $ .14 18,388
16:26 $ .0926 12,600
16:25 $ .1478 400