Unfortunately...I must agree...the Fat Lady has sung,,,and the party is over. I reluctantly sold out my position. My feelings about the management's "executive skills" remains positive but their treatment of outside investors borders on larceny, After almost eight years ( of great revenue growth and solid balance sheet performance) I can only defer to a comment that Warren Buffett made that the most important element in choosing an investment is the honestly of the management. Jade is a textbook example of a thriving enterprise with a dishonest management.
Best regards to all posters---this was a good group..
Mississippi. I can relate. When the company originally announced the Fountain Vest Financing I thought that to be a huge positive and purchase at $4.00. Not until 3 months later when I saw the terms of the deal, and the high interest rate, the stock already down almost 50%, I knew I was toast, and actually predicted something like this would happen, but thought Chapter 11, and then Fountain Vest and management screwing us over in the bankruptcy filing. These #$%$ are no better than Bernie Madoff. My head was in the sand, and the history, Haris "the insider trader" Tajyar, and other signs, should have been a clear sign for this event. e