Nice chart, thanks. As an ex-holder I’m finding this fascinating in a macabre kind of way. Appreciate your updates/research MM. Looking at your chart, seems very likely that the price goes to less than $8.50.
Printable View
Nice chart, thanks. As an ex-holder I’m finding this fascinating in a macabre kind of way. Appreciate your updates/research MM. Looking at your chart, seems very likely that the price goes to less than $8.50.
I don't have a reentry point and I am not sure why you do to be honest ?
Bad management will wreck a good company. Wrong priorities divert attention from critical issues.
Then there are fundamental issues of breeches of trust, lack of disclosure of material information and so on.
I wouldn't be surprised to see it down where you suggest but that doesn't make it a buy in my opinion.
My fascination with slow motion train wrecks, (although in this case it looks like a derailment is coming at high speed) is why I keep watching this.
..........
..........
..........
We should give ourselves a pat on the back mate...this $300m or so in losses we've been talking about is almost exactly what the market cap has fallen by since the true nature of the scale of this fiasco became readily apparent. (Down approx. $1.80 x 179m shares = $322m market cap reduction). We've been bang on the money. Add another $300m because management have proved they are grossly inept so another $1.80 to fall and fair value is probably about $7.00...but frankly unless there are management changes I wouldn't be interested even at that price.
..........