Ok, where do we stand?
Everybody fears upcoming reverse stock split and dilution. Sentiment is extremely negative and there is a huge selling pressure.
Once we are done with the stock split thing there won't be any short-term negative news that influence the price. Also, there will be three types of people interested in the stock:
(1) Bagholders who came to terms with a loss and are not selling;
(2) Short-sellers who are holding short positions;
(3) People who are waiting on sidelines for a right moment to step up.
It is a perfect scenario for a huge short squeeze, isn't it?