RSOL's Continuous Decline in Price per Share is Alarming
RSOL's day by day decline in pps is alarming, as it has been on this downward spiral since May after it had hit an all time high of $7 per share, and today at $1.90. The pps could continue to decline day by day and reach the below the $1.25 soon and even the below $1.00 as it was during the later part of 2012 when it was trading at 40 cents per share. Management reorganization is desperately needed in order to obtain the immediate turnaround for this company. It is pathetic that this company with all the potential is at its current market cap of $50 million. Chairman David Belluck must act and replace the current executive leadership team of RSOL, starting with the CEO, and bring in talent from other solar companies such as FSLR, SPWR, SCTY.
Unfortunately, it will continue to go down. RSOL made less money than when it was trading at $0.40. Really absurd that it is still close to $2. Yes, it won new businesses but it has nothing. It will go sub $1.50...I hate to say. I sold after I the ER and took my losses.