I think it's being manipulated by Shorts who also have a long positions.So saith the Dixon
I'll gladly buy shares that are being sold even thought REFR has been on the " hard to borrow" list for years.
Just like last December during Long Squeeze #1 the Longs are silent. Only one guy lamented this last weekend that there was a bear-fest going on.
No fun to speculate when you have set new lows. And double the average volume! How the Shorts gonna cover? No need when the SP goes to ZERO.
What a bummer to be Long and Stwong. (Thank you Elmer Fudd)
Naw, Why do I think: couldn't be that it's just a crummy company, with a crummy business plan, with flaws in the product, flaws in the film process, crummy board members, and a crummy management team?
Naw. It's the Shorts and their secret Long accounts. Things will be changing soon. Yeah, but not how you think.
You'll be seeing a new auditor, a smallish firm, doing the year end. With a delayed filing. Bummer.