Last time Skinn closed at $1.24 or lower was 7 June 07, and so much good for the company has occurred since then. Doesn't look good for the home team to backslide with first release in the past, and winter release to be next month.
That's exactly why I predicted it <if they don't....> and they haven't. I'll also go out on the limb further and say that when MK said in CC "we will miss Oct for the winter line, it will be Nov. and frankly I don't care", I think Nov, will come, and Dec will come and go before winter line hit stores. My reasoningon this is simple, first releasewas to 20 stores with 40+ soon to follow. Anyone heard of one additional store door opened? PPPPPPP story all over again. (Positive Prior Planning Prevents Piss Poor Performance). I think I was one of the few on this board that announced voting against the stock bonus award. I hold 11,600 shares so I voted 11,600 NO'S, but to no avail. I have no problem rewarding mgmt. with perks, but those perks aren't given, they are earned, and I see no earning from this gamble.
Yeah, I think I'm going to take a bath on this one. When I saw that salary, from a company with nearly no revenues, I became a little skeptical. I think that salary is the only way he plans on making money with this shoe. I'll hold and write off the losses if that's what it comes to. Welcome to the wonderful world of speculative stocks.