Anyone been shoe-horned into the finance beta yet?
I like that no matter which of their bad idea's you pan on they merge your comment with "Don't like beta version".
They ought to require that the developers actually use the finance site. JMO
I suppose it is because since they are having a teleconference, there must be life on their end. If they hadn't given some reassurance to the lenders last week we would know it by now. They still have till the end of January to publish it for the rest of us.
That analyst at Wynnefield may get a bonus this year after all.
It's odd that the press release was regarded by the market as good news. Maybe it was taken as "The company is still alive and capable of communication".
It is like any other stock. Some people think it will recover like Wynnefield Partners ( I am not sure of the spelling) with over a million shares and some look at 2 years of income statements with errors and think these guys are crooks. Only time will tell. After all buying small caps is Las Vegas style gambling.
No matter how you slice it, it will be some time, maybe years before these shares go back to 12.
I am selling half my shares for a tax loss and will continue to watch the news.
It isn't like GLPW to miss a date...
PS - I'm assuming you are referring to the October 21st report where they stated they'd update shareholders within one month.
A cursory review of the recruiting page of GLPW shows the Braden, Tulsa, entity is removed in its entirety. Traditionally, Braden earned the lion's share of the business and funded the M&A. Last posted job was for VP of Sales which is still posted in the Simply Hired site. It appears the Tulsa location has been abandoned. Moving to Irving, Tx? Putting For Sale signs up in the neighborhood?
Lots of resumes out over last several months data suggests 20% RIF this month alone, Major OEM customers have not awarded contracts, major lack of confidence expressed by all major customers, all experienced technical leadership has left the business, new, displacing, leadership from airline industry (delta and nordam) who know neither the OEM sales channel or the service channel causing disruption in bidding channels and dissatisfied customers ; GLPW no longer on short list for new work. Interestingly, former Deltak president is now leading Auxiliary Products group. Reported cost of quality is too high to be competitive which correlates to "incompetence of management" musings . New suppliers for same products being groomed by OEMs precluding GLPW. Donaldson reports winning orders which normally would have gone to GLPW. OEM and EPC data suggest GLPW is relegated to minor parts provider player for foreseeable future. Many in this industry have successfully shorted this stock over the last year and are not going back any time soon. Likely drop to the pink sheets and repeat the last decade and a half?
They filed an NT 10-Q a day earlier. They also released an 8-K in late Octover saying there was little to no chance of the reports prior to Nov 10. They should be releasing some news/updates before Thanksgoving though.
This isn't good. GLPW is not a multi-billion dollar conglomerate with multiple revenue cycle types. How bad is it, to have this strung out for 12 months without financials?
You may be right. Prescott Group picked up 373K shares in Q3.
However, the last time something like this happened at GLPW, it took 4-1/2 years to straighten everything out.
Also when VISI had a situation like this it took 3-1/2 years to come out with audited financials.
All I'm saying is that you may have to wait a while to be proven right.