It always amuses me when large companies do tiny offerings and get whacked by many multiples of the offering.  Where was PVG when the $20 million offering was announced?  $11.96.  Jan 24th.  It was over $13.50 to start the year.

 

The market cap has been chopped by over $200 million since January 24th.

 

Maybe we should blame the drop in the price of gold.

Gold was $1658 on Nov 24th.  Today it is $1644.    Not 20% lower.  Not 20 dollars lower.

 

This should be a very nice bounce when it  happens.  Does it bottom today or tomorrow or Friday?