Looks like there was 1M short covering yesterday. Maybe we hit bottom.
If management pulls their heads out of their as... and come up for air and announces debt financing, stock price should continue to clime.
I need this stock to go up to ensure I can buy the good wine instead of the box shi....
i agree. shorts covered and are likely long. terrific move on their part. not so good for us longs with the ride down. hope the $12M is adequate.
They will burn through that cash in a few quarters I'd assume. It's not nearly enough to even get SFP anywhere close to market.
As long as Chioni is CEO and taking his 2 mill a year, this stock is dead money imo.
Not trying to defend Chioni, but his base is 700K, not 2m. The difference is options which I do not believe he has excerised.
However, the base seems high. How about the CFO who gets 400K and the company runs out of cash.,
Maybe they need a 50% cut in pay