SKNY closed at $.007 today, the stock has been taken down from well over $.02 a share. If we go back to a longer term chart SKNY has been in a tail spin for quite a while. I think the stock is gonig to reverse course soon in a sharp manner.
Some recent financing news I think has been neglected and while could lead to further weakness long term, should help the stock recover some of its losses in the short term. To put it simply SKNY should see a bounce over the next few days/weeks. I think this $.007 stock will trade back over $.01 and could head higher from there. I think the $15 million in financing news should have propelled the stock earlier this month, perhaps we see a delayed reaction.
Here is the recently over looked financing news.
CONSHOHOCKEN, Pa., July 2, 2012 /PRNewswire via COMTEX/ -- Skinny Nutritional Corp. (OTC BB: