Appears to have expanding triangle in the CD leg of a larger butterfly pattern

Hoping it drops to around $1.80 and will buy around there with any buying pressure showing
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Looking at the dilution offer on the table they want to increase the shares by 37%, and offering them at $2.40/ share

Looking at it at a high level, they are offering a 20% discounted price, but diluted the value per share by 37%...?

Therefore you should expect the 'value' of the share to drop to around 1.90ish which is not surprisingly very close to my buy zone of $1.80 which would complete the pattern

Might ignore the dilution phase in the coming months and sit on my hands till it hits $1.80

Either way, there needs to be some changes of the guard as they have created a loss making bohemoth and a turnaround needs new thinking and some strategic changes focussed around creating profit,
This may include restructuring debt or trimming housing inventory or focusing on their previously successful niche's that had share prices >$9.00 per share
AB=CDButterflyTriangle

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