a chunk of shares, there would be plenty of support for the stock, unless maybe a huge seller came in. To be able to take this down like this on this volume is a bit pathetic. I guess it's not gonna happen tho
I already told you people here that I'm sure Bob will step up and buy as soon as his employment agreement is done. It will be done this week I assume. It's not like a lot got done last week in NY. Bob's been around a long time, he knows the rules and is not short sighted. He was a buyer at $1.60 when only the COO, you can assume he will be a buyer here as the CEO. Ask him yourself, he thinks this company is a big opportunity or wouldn't be bothered. He came in and put everyone ahead of himself and did not take a paycheck for the last almost 7 weeks. He never puts himself at the front of the line and that's why many of us respect him. He will have this company reporting record sales and a breakeven well before whatever they stated. It's what he does best and always has.
Adam...not to be arguementative (though being trapped in NY will do that to me)-Are you implying he doesn't have faith in getting an emplyoment agreement? PLEASE remember, he is being paid quite well for his severance arrangement as INTERIM COO, which as you remember carried a ton of stock and payout if the company was sold.
really ? and how would you know this ? pure speculation on your part. heck lets really make up some stuff and say PA is gonna give all his free shares to charity cus he screwed up so much and feels bad for the moms and pops that got nailed on the cant lose IP talk.
Everyone keeps talking about how management needs to step up and buy. This is just a thought, but if any kind of negotiations are going on (buy out, big contract or anything else material) then I'm sure they aren't allowed to buy prior to it being publicly disclosed. Even if their "blackout" period is over, there are several other factors that could limit their ability to buy at this time. Just saying. I am as confident as ever that we will be happy with our investment this time next year. Good luck to all longs.
Row....that is a possibility indeed. But I believe we will be happy with our investment much earlier then this time next year. Intelligent investors know their is a huge disconnect with this stock price and reality of the core. The stock has taken it in chin and gut in a one two punch with recent events. There is a hand full of those who keep #$%$ about "price" every day like a broken record not realizing how fast it could do a reversal and hit up. My only advise is to take advantage when other weak hands are running and buy to average down. You will so much happier when the reversal does happen.
Sentiment: Strong Buy
They've never had a big contract and i seriously doubt they just happen to be entertaining offers....i'm long a chunk of shares and holding but my feeling is 'why should I step up and buy more if they won't'