still short from $2.50 entry after earnings - might flip into a long position once the offering will be completed but only for trading purposes. The conference call made it quite clear that current business trends might not be sustainable.
stock weak again today - the secondary might be placed closer to $1.50 if this trend goes on which would be a huge disappointment. Sell and buy after the secondary (if it all as the conference call really had little to offer in terms of a long term investment premise)
Yes you are spot on with that call......The comments out over the weekend from the CEO didn't sound too promising either. He was trying to ease tensions surrounding their ever shrinking cash balance. All it did was make people really look into it and OH MY GOSH!!!!! ...It's ugly and the margins on the Nokia sales stink and will never pull them out of this mess.......Stay tuned!!!!!!!!!!!!!!!!!!