You must be smarter than the CEO, John Barry, who has purchased about 250,000 shares this year. He has had a very sucessfull career in law and investment banking after graduating magna cum laude from Princeton and cum laude from Harvard Law School.
Lesson 1: Remember, BASHERS NEVER Bash A BAD STOCK. Check the boards for stocks with no potential. They never have any Bashers. Bashers only go after stocks that are moving up or have excellent potential to do so. Bashers work to bring the price down to either increase their position at the expense of others or help a Short make their bones
I am expecting some asset writedowns in their energy investments. I don't pretend to know any order of magnitude nor would I choose to guess.
The thing is I have seen this energy play before and these micro companies in the energy space tend to have this flash of value but then you tend to see many of these micro energy players having not as many clothes when it comes to their operating efficiencies.... its akin to these small gold mines that get played out on the price of gold but when you look at operating costs and the cost to mine an ounce of gold it becomes too inefficient and diseconomical.