WOW!! Don't know about all those bands and such...I go mostly by news...but couldn't resist those shares at .60....more at .61 if anyone wants them AH....Figure this is a GREAT risk/reward opportunity!! GLTA.
SCHS made the top 25 increase in short interest vs float....since I can find only one company that has filed a form 4 with the SEC, sale side, ...to me, this is a good thing, and may create a short squeeze. Because, IMO, there can only be 'good' news coming, as it seems that most selling now is retail, day traders, and shorters, the squeeze is inevitable The company makes a good profit, no one denies that, just lacks cash on hand to meet the covenant requirements. However, most agree that the debt is too heavy. To force the company into BK, and wipe out the shareholders, is a lose, lose situation for all....the various debt holders don't want to run the company... For some, all of, the debt holders to exchange debt for equity is a good thing...remember, this company one time traded over $20 ps. Also, as most companies in this field are private, a management buy-out is well within the realm of possibility....or another company buyout. A little over $350 million buys out the share holders, pays off the debt, and then have a company with over $600 million revenues, $100 million profit....and by today's standards, $350 million is not much money. Billions is being poured into education....that IS fact...just been a temporary downturn, and some analysts state that is changing...re: the Zacks article...IMO, this is a fantastic risk/reward opportunity....Did I miss anything?...Comments? GLTA...except the shorters...LOL!! (who I am hoping make me a LOT of money!!!!)