How many people are going to be in tears for their investments in PSUN and now in PSUNQ ?
Sentiment: Strong Sell
Mgmt fooled investors, insiders sold high and then leaked the news through some morons in Bangaluru. Most of us have bought between .3 to .1. Look at how its crawling , 0247 .0245, .0246... It can even go to 1 cent in a week.
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Revenue: $800 Million in 2015 with 600 stores, or $11/share
Total assets: $300 Million, or $4.3/share
Cash: $11.5 Million, or $0.17/share
O/S: 70 m
52 week High: $2.66
Its current $2 m market valuess is a joke compared with its yearly Revenues and its assets.
Going to $0.2-0.3 definitely! if not higher.
Looks like it's going to zero bud
it's because there will be one last huge spike most likely. Happens with most of these bankrupt delisted stocks after a huge selloff
Clearly, no going to buy the company, especially now that they are already tapping their $100m credit line.
I got stung on this one earlier, between 0.09 and 0.13, thinking that it would bounce hard before they actually announced the BK. Bad timing on my part and a hard loss to swallow.
Hope others got out okay.
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yes and no, sort of
They will tell the employees that the current shares are worthless, but will either issue new shares or some kind of performance bonuses to keep key people. Just because they want to keep key people does not imply the stock will survive as we know it.
Oops. Maybe next time you won't look like such a moron.
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