The new plan today actually looks like they are trying to buy buyers and avoid the RS. Hard to trust anyone once the RS has been approved though.
Some traders must have noticed the p/e ratio is 60% below the eps. R/S is now pretty much off the table with the company back in Nasdaq compliance which has been holding the stock back.
Sentiment: Strong Buy
I quote (In comments made at the meeting, John T. Taylor, President and CEO of Porter Bancorp, Inc., stated, “We are pleased to announce that Porter Bancorp recently regained compliance with NASDAQ’s listing rule regarding the minimum closing bid price of its common stock. Our stockholders also approved a reverse stock split proposal that will provide our Board with additional flexibility to ensure our compliance going forward.” ) I hope that don't use it but they could
PBIB was woeful, almost lost everything. The guys over at Ultimate Stock Alerts (they are in Google, do a search) were awesome in helping me save the day
What caused the early morning price spike anyway? A possible reverse split is in the making and I couldn't find any other positive news that justified any spike. Thanks!
possibly at the open, but dont expect a pop like today. i believe it will go down even further since people who bought today will be exiting the stock. Expect tuesday to be mostly people dumping shares to get out of the stock, or shorts covering position. i dont think there will be much longs taking position
So who was promoting this stock??? To go from an average of 8000 shares a day to 3mil in one day?? Then to do such a round trip?? Must have quite the pent up want to sell this stock???