Stock pops on Jan 21st and May 1st were due to court rulings
I suspected last week's pop was reaction to a court ruling just as it had been back in January and sure enough it was as disclosed in the 10Q. On January 21st there was a dismissal of a portion of the original SEC complaint class action lawsuit pertaining to section 20(a) filed Feb 27th, 2013 and last week on April 30th, the plaintiff dismissed their derivative lawsuit that had been filed on August 19th, 2013. The court gave 90 days from Feb 18th for the parties to settle the remaining issue in the original SEC class action lawsuit and the other remaining derivative lawsuit has been stayed pending that settlement. So by May 18th or so, maybe we will see some additional resolution to the remaining litigation. Interestingly there has been only one product liability lawsuit due to a death filed and it has been over a year.
and yet it is back down to .60. Which basically means it was probably a small short covering blip and meaningless to the overall picture. Its still just a binary event play on the return or demise of O.