They have 7,000,000 shares to sell. In addition, the short interest is increasing. I used to love this stock, but with Internet firms going down like flies, insiders selling large positions, and a company that is trading at a P/E of 1000 I can see a disaster ahead. It went up on momentum and it will go down with it. I am going to cut my losses Monday and move on. I wish you all luck, you will need it with this stock. :(
I work as a Web Designer and love RAZF. I own a lot of it. My broker told me that I might want to sell it. He is concerned that they are booking revenue too early, similiar to the problem at Micro Strategy(MSTR). Has anyone else heard about this? Would it have a big impact since it is only an accounting change? Or is my broker just trying to get me to sell it so he can make a commision? Please help. I need this money for my daugher's tuition and can't afford a total disaster like CDNOW and HLTH. Both of which I also own.