What I dont get is their PR continues to present at investment conferences and the price continues to drop. Is RedChip legit or BS. When I looked at some of the companies redchip promoted, it lookes like the price fell soon after, just like SGAS did.
It really doesn't make any sense to me either. I can't see any fundamental negatives with this company. It's priced for bankruptcy but I don't see any real reason for this. The only thing I can figure is based off what I posted a few weeks ago about T Rowe Price selling it's position and creating serious downward pressure in an already thinly traded stock. They have had solid revenue growth for the past four years. Dilluted EPS more than doubled from 2008 to 2009. 7.5 mil in cash reported last quarter, with a 15 mil market cap. Can anyone give me a reason why this company should be trading at 0.25 BV? We just need more exposure.