Agree, but would also say the new CFO is likely to "flush the toilet" on earnings this quarter...get all of the bad news out of the system and set the company up for good news in the future. My guess is the Street will react positively, looking forward to out quarters. The 59 million shares short should propel the stock higher in the coming weeks, as shorts will begin to cover. We have hit bottom and it's up from here.
Im not liked too much on this board but id say this stock will go to low 6 tomorrow. they convienently told us cost cutting measures the day before earnings. to me this means another bled qtr. from this point it may go back but only god knows