todays volume would suggest that someone has no more faith... if the buy back activity has not hit yet then last weeks volume could have been investors jumping in hoping for a potential respectable gain once the buy back program kicked in ... if last weeks activity was buy back activity then either way some are obvious done with this play ... too bad that management cannot get this going in a higher gear ..
Yea, classic pattern with LRAD is investors washing out, PPS erosion down into .80 to 1.00 price range. Wouldn't be surprised to see 1.20's in few weeks and then 1.10's next few months. 1st part of the year is alwasy really, really slow for these guys. You can go months without any PR's.
And that is the problem. Just about everyone hand becomes a weak hand without news and the company can go weeks and months at times without anything that is substantial. Of course, this is why they should intervene and purchase shares on the open market to bolster the price but also to give existing shareholders some sense of confidence that they should hold onto their shares.