....and diamonds go up dramatically in price.....do you really think in that environment (which the market is currently telling you has a 70% probability of happening) that Charles & Colvard could not at least unload their inventory at cost???......at this point, with the stock trading at 25% of its NCAV, I would not bet against it....I bought a position at $0.49/share.......the only thing I do not like is that management gave away 20% of the upside to its former CEO for absolutely no reason.....the economy should take care of the fundamentals for free over the next five years.......I also really like the tangible asset protection, which if memory serves is 4x liabilities.
<<the only thing I do not like is that management gave away 20% of the upside to its former CEO for absolutely no reason>>
It's the present CEO, not former. And the reason the present CEO was given such a sweet deal is that the former CEO (who also made out well while running the company as if it were his own) almost ran the company off a cliff and because the company has had such a disfunctionable and incapable board. The prior CEO with the prior board at his back would not listen to anyone. He knew nothing about the jewelry business and nothing about how women respond to marketing. The failed marketing to "self-purchasing women" was more about women than creating a desire for this fabulous jewel.