Attention retail investors: don't give Katula an easy way out
If you bid for the stock now, you are just giving Katula an easy chance to liquidate most of their 44 million share holdings. Don't let them use you as an ATM machine. Everyone cancel your bids and flush out this Katula overhang once and for all. We need a large volume capitualtion before it will be safe to buy. Otherwise this slow drip will continue for many months to come, regardless of earnings reports. (BTW, the Q3 earnings report and outlook was very good, yet the stock has been selling off ever since, due to Katula taking profits on their $0.09 PIPE investment). So patience is in order. Katula has 44 million shares to sell through at a huge profit, and judging from the chart, they are a long way off from equilibrium.
As a reminder, this stock was trading at $0.34 back On December 9, 2013, when a company called Finanical Proflies, Inc was hired to pump the stock. They started making unsolicited phone calls to people who had dialed into previous TALN conference calls, urging them to buy the stock. Look at what has happened since then. The stock has gone straight down, and will probably test support at $0.20 soon. Evidence of a pump and dump scheme involving the PIPE investors who bought tens of millions of shares for $.09 last June. What a disgrace. When Matt from Financial Profiles calls again, tell him you will buy at $0.09 and hang up the phone. Don't let Katula use you like an ATM so they can liquidate their position for huge profit.
That is not the conversation i had with the firm. The firm called me and asked if I had any questions about the company of the last CC. I said "No, I am familiar with the company". The firm said, "If you have any questions, feel free to give us a call". I said 'Ok" and the call ended