"Alden has been engaged in a regular program of selling off “EMMS” stock, and it’s been getting less and less money out of it." Starting with the March 4 sale of a block of 67,100 shares, Alden got $1.15 a share that day, but then $1.11 on March 7, $1.07 on March 8, $1.09 on March 9, $1.07 again on March 10 – but just 98 cents a share on March 11. The next important date for Emmis is March 21, the date to submit shareholder proposals and nominations for directors. Despite the selloff, Alden still owns a large piece of the Emmis pie - 8.47% of company's outstanding stock.
you said it yourself "Free Fall on Low Volume" now let's see what happened today to cause the low volume. It was the earthquake and tsunami that hit Japan and the Tsunami threat for Califronia. The natural disaster has people focused on other things right now like PROTECTING THEIR LIFE instead of their wallets LMAO!
Later today or next week EMMS will be right back around 1.10.
Well just bought another 9300 shares, I think you are right... I see them manipulating market on my order, I came in at .97 for 9300 and they filled 6000 of the shares then the bid goes to .971 to stop my order from getting filled completely