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MM's are IN MAJOR TROUBLE on this stock. They have taken this PPS so low that they can never recover because of the float size and supposedly the company is still buying back.
This stock is being played by MM's. They know it is a low float with volatility which is what shorter's love. Company better step in and fix this chit.
NO retail buying. Giving up on this POS as I think that the company lied about buying back $10M. When they announced the buyback the PPS was $2.14. It's now $2.39. .25 cents in one week. Guess that's not too bad, BUT.
Shorts short, MM's walk PPS down, shorts cover. Cannot win at their game as they control all. This company seems to have given up on buying back. NEVER did trust Chinese companies. They are a RIP-OFF society.