$52.5 x 5,470,000 = $287,175,000 versus $19.08 x 5,470,000 x 2 = $208,735,200 !!! How come mgmt continue to watch and see this to happen ? How come the mgmt are not in contol of the value of their company ? Recently the CEO boastfully praised the mgmt for steering the company towards the path of growth. But it seems the company is growing in all metrics except in the value. How a microcap company DMC can afford to lose that much of market capitalization and still claim to be growing? Well, since the last ER, a growing company's stock, BOOM, traded mostly in negative for majority of days! Is that an indication of a growing company? In this kind of scenario one may tend to believe whether this growth concept is knitted with the fiber of fabrication!!! If the company is truely growing then the value of this growth is not properly reflected in BOOM's prices. One wonders, if at least 30% of the $78 million loss was given to a bigger company like Merrill Lynch or Goldman Sachs whether they could have handled the value of the company's growth better. Hopefully someone from investor's relation from the company realizes this sooner the better.
the split was good.it just happened at a bad time.the poor mkt is taking down all stocks.in the last year boom has reason 10 fold and is more vulnerable than most stocks.lets just hope for some positive news and hopefully the stock will stabilize at this level and then move higher.