YET another REVERSE STOCK SPLIT !! are you kidding?? THIS IS CRIMINAL
another reverse stock split!!
I almost passed out when I opened my Zhone shareholder package and found the paperwork for YET ANOTHER REVERSE STOCK SPLIT.... this time they choose from 1 for 2 to 1 for 10....
THIS IS A DEATH SPIRAL... and I am angry and mad
and see from the information package that they are going to have liquidity concerns, owe 10 million on the revolver and expect continued negative cash flow. DID YOU READ THIS NON SENSE.
** ZHNE needs a 10 consecutive day run with a Closing Bid of at least $1.00 to get out of the "Sin Bin"! It had a 3 day run end recently when a FAILED pumper re-appeared and "wreck-ommended" the stock. It's DOWN 20% since. (chuckle)
you are a mean person. That is not nice how you talk to me. Do you feel that management has been competent? YET ANOTHER reverse stock split? Do you feel good about this death spiral? Read the materials that they provided for the shareholder meeting on May 2, 2013. It read like a sad story. The only one making money here is management with their fat paychecks and fat bonuses.
They said in the materials that they will need to raise money. What better way than to reverse the stock 1 for 10 then do a secondary offering to further dilute shareholders.
THIS IS A MESS. THEY SHOULD JUST SELL THE COMPANY ALREADY. If they can find a buyer.