McKnight never would have left if he could have sold it out. It has been dead since they piled on the debt and butched up the Rossignol deal out of stupidity.
Hope you listened to those who obviously understood the company and the capital markets. Lots of guys here from yesterday's glory days for ZQK simply have no idea what financials and management execution are all about. Debt debt debt plus anachronistic designs = dead dead dead.
Tried to tell you... and so did Randy.
What do you know, I was correct about little old Quiksilver too.
Once the top of the world surf lifestyle wear, is now off to the big bankruptcy forum in the afterworld thanks to mountains of debt, #$%$ execution, and ridiculously awful management after Randy was kicked out.
I know you know the story from the founding and ipo in 1985 (LOL) to finish last week.. the dbags tried to dis me here too before I saw your posts and just had to smile. ;)
You might want to go back and read everything the two of us have written here over the years. Randy knows WAY more than you can imagine; so do I... LOL
Ya, I tried to warn people but they trashed me and bought more...I saw this coming many years ago and sold.
Sentiment: Strong Sell
Hey Randy, loved your "graveyard stock" call on this a couple years back now... As you know, on my old alias we have shorted a bunch every time it ran up since the handle was still $10/sh.
Tragic to see this once vanguard company -- great design, build and style -- the "original" -- go down the s'er. But that is what they programmed once they went down quality to the WMT/KMart bin strata and then the butched Rossi deal sealed their fate.
no one reading my posts here since shorting it at $10, then again when it ran back from $4 to $8... then again at $4... the record is clear here -- should be surprised today...
As I summarized, debt debt debt = dead dead dead or, as Randy said with aplomb, "graveyard stock."
no but .03 to .10 is highly inevitable given the dramatic drop there is always at least a 150 % on stocks like these. In all reality if you buy shares under 2 cents why in gods name would u sell right now, totally oversold and this will climb in the coming week
Sentiment: Strong Buy
Wonder if there is any reasonable basis for litigation against management, auditors etc. Even if there were, getting settlement $$ is unlikely. Although I did not expect ZQK to fold this quickly, the situation has been poor for quite some time. I sold out and took the loss, but still curious. Thoughts? Thanks in advance..
From what i read even if they 'restructure' and 'get back' the present Stock Holders will get little or nothing. The range of $.01-.05 is just dreamers and holders who have to cover. (and stubborn owners who can't accept the loss)
I put my shares on a "forever'' limit sale at $.04, if i get it I am gone.
If the price goes up to .03 or even .05 at what price would you take profit? Is it a bad idea to treat this as a long term investment? Like hold it for a few years.
Management might be able to turn this around and who knows ZQK could get back to NYSE again someday. What do you think? Do you think I am like a person living in Alice in Wonderland? Am I being realistic?
The Gambler would be proud, right now ZQK is selling at $.0148 and hit a high today of $.0165, thats 300$ or 1% in a day, not bad, I think you can be confident that it will reach at least $.02-.03
Good luck, keep us posted
I bought a meer 5000 at .015$ yesterday, just to bring my average cost down to 40 cents, im going to lose at least $3,000 myself, in addition to $1,500 i lost as I averaged down,
end of the world no, but I am not telling my Wife.