But without a lot of conviction. Shareholders have been "burned" with a continuous decline in the stock, and i think many are waiting for more selling (tax loss, Alden, or otherwise) to come in to the markets, in these last few weeks of December. I hope it DOES, because I'd love to buy more at lower prices...but I'm not convinced it will.
Why in the world would you want to buy more at a lower price?
Is this a Sirius situation all over again? Seems like there are lots of assets worth a lot more than $18,000,000 but nobody is buying. What's the real value here, anything to this company on the Circle or is JS just looking to reorganize and wipe out shareholders and employee equity???
When smallcap buyout offers fall about the downside can really shock you. Even Yahoo went to $8 after the Microsoft offer from 2008 in the $30's fell through.
I bought at 52.7 two weeks ago, then somehow got the rest at .449 on the last round, and I think that the .449 buys could very well be what would be called "timing it perfect". At least for the sake of this current stock price journey.
Take a look at APP, which I grabbed at 1.10, and a spec play CBC, which is at all-time lows. CBC is unique in that they won't be seixed, yet some of their banks could get seized, which would be great, actually.
They are making a bunch of deals consolidating their balance sheet. If they do that and still go forward in the next few years then it will easily move multiples higher. There is dilution risk, but the CEO has voer 800,00 shares, and their are only 18 million shares outstanding....with 3 million short.
I bought at .61 last week. I grabbed KIDE last week at .41, too. Their Auction Rate securities are NOT being accounted for properly. The can get that cash at any time. They will be sold, for sure, probably within the year.