Lastest 8K filed by company (without a press release) shows the company repurchasing 2 million shares from an organization controlled by a board member for $4 million. Based on Q2 earnings release this represents about 10 percent of the shares outstanding being repurchased for tangible book value. What is this #$%$? Why aren't existing shareholders offered the same deal. Also, still no mention of whether the parasite Daniel has done his deal. Resounding silence from the company.
In effect today. So many people have dumped this mess and the shorts have destroyed what's left so now there is no longer any left to loan out. There never has been a large short but there is one. A divvy hike about now would certainly help the price. We all know that's wishful thinking.