This stock is being controlled by short sellers and manipulated badly. Without some major meaningful news shorts see no reason to cover especially since it is so easy for them to depress closing price.
Much like others brag on the resilience of their company even in tough times. Speaks of attracting new business (really?) and the mentions they are in a sweet spot with M&A activities. Refers folks to look at their website to see the wonderful stuff they do, but of course anyone who might go there will see a penny stock. Blowing smoke will not work. Investors want to know real numbers, customers, contracts with amounts, backlog, besides the flowery language. You know, transparency. They have over the past month or so thrown out the big dog names and this time it is HAL. Really!?
Maybe they could issue an article on how they reported unusual activity to the SEC on their stock price in the last minute of the day. At least someone would read that pr.
That drags this stock down? Something/someone wants this stock in the tank. Everyday for the last few months there are trades at 3.59 at huge discount price.
They say they are as good as JEC and KBR. So why don't they look at the pr of those other two companies and learn how it is done! Maybe develop a following with a brokerage house, have earnings calls, etc.. It is not rocket engineering!
They are voting on the compensation package incentives. Perhaps that will result in some effort to get the price up? Surely management is concerned about this collapse? Why are institutional investors still here? Did Enron end like this stock?
So why is this stock anemic? No insider purchases is a big issue and to tell you the truth one must wonder why? Sounds like management is confused?
Note announcements of large contracts, the Norway project being huge. So how much work will eng get from these contracts. The coincidence of the ENG article yesterday to the announcement this morning of these contracts is telling.
Your thoughts/info appreciated. Strange company, agreed! I hold a bunch and paln to stay put. Did not see over the board volume enough to see they purchased many shares. Perhaps private shares purchased? They have potential but who knows what they are doing.
Since the time they announced and filed the sec report, they could have easily repurchased $2 million worth by now. They have been silent on the pr papers/articles for a while as well. This group behaves like a private company and maybe positioning to go private. That would require a fairly good premium with the shares mostly held by institutions. With the growth of Houston alone finding engineering contracts should be fairly easy even with the downturn of oil related operations.
Strange company to say the least and with very little of insider shares, the motivation of management is unknown. The share price certainly does not seem to be of any concern to management, no skin in the game.