If you notice how the stock has been trading...spikes up and the right back down.
This spike down is just the opposite as we lead into 1st quarter earnings.
Manipulation is something else.
This company took it to the extreme...4th quarter earnings were good, cash is strong, and book value is strong..
So is 1 cent, what is your point? The stock has never got to 30 cents. You think it will get there?
I think the stock is worth much more. If earnings and revenues hold up and the buyback is put in place, I see the stock north of $1. However, with the complicated structure there is always something I could be missing.
There is a certainly a dedicated seller out there. I hope they just have to get out and don't know something that we don't. Anyway, I am anxiously awaiting the next earnings report.