Buying at $3.01 was quite foolish, especially considering that Mr. Schmidt sold 4600 shares at $3.03 on Aug. 2, 2013. I think that the share price will reach $4 before it reaches $2 again (if it ever reaches $2 again).
I've been playing "Carl says" (like the children's game "Simon says").
Carl says he's going to get debt-to-EBITDA below 2--just like Carl said the common would survive the bankruptcy filing.
Carl sold some just above $3. I believe in Carl more than Carl believes in Carl.