I'm guessing with all the complications and ramifications they mention about doing foreign business,this earnings report will be long, lots of footnotes, and exceptions, etc OR in laymans terms it will be smoke and mirrors. Hope I'm wrong.
Seems strange they didn't realize until day of report they were behind the eight ball. Not a good management PR move - makes them look foolish and inept. CFO is in hotseat now.
We must be going to have a terrible qtr, lots of shares traded on the short side! They have hired several high powered people and have put short term profit aside. I sure hope they know what they are doing!
There is no means of knowing what trades are short at this time. The people selling are most likely sellers who do not like the delay in earnings surprise. The company has not been kind to investors for some time, but I would not jump off the cliff at this price.
I have been following BTUI for some time ... and when can you make a direct correlation with any of its crazy swings? One of these days it will move convincingly in a direction and really do something siginificant.
Put in the symbol BTUI and find out why it isn't going higher anytime soon: http://beanieville.blogspot.com/2008/07/is-ener-next-microsoft.html
Btw, they even talk about the next Microsoft.