I'm long over 7000 shares, so I'm not speaking from a short position when I say Mitch and the others are idiots. My opinion is based on the fact that I worked there for nearly five years. Their business model was based on one-time gimmicks.
Mitch is an idiot and he is not qualified to run a company - it takes more than ego. I make the mistake of holding my shares to not miss out on a pop from a merger. Now that's our only hope for seeing this stock move up.
On 8/16 the company issued a release that said "we have so far seen no material changes in the availability, PRICING or margin on it's wholesale funding sources including REPOS. Management does not believe that the current market capitalazation accuratley reflects finacial strength and performance"
I guess what they were saying was....we are so far overvalued that nobody should touch are junk stock with a ten foot pole. I guess it was all the crap they said before that was misleading.
DON"Y BUY COMPANIES WHO LIE THROUGH PRESS RELEASES. See ENRON.
Sell this crap and move on until they make changes at the top.....