Keep the faith. On presentation earlier this week GE stated that @NG above 4, MHR is extremely profitable. I know no one seems to care right now but real cash profits will always win over this non cash accounting "issue" that PWC wrongly (in my opinion) refused to work withmgt on!
Believe me, without the accounting issue this would be over 6$ by now. But now, I don't know ! I'm long but really frustrated and tempted to sell everything with a loss. The accounting issue remains unclear. What effect will it have on earnings and even on past earnings (were they correct ?) . Loosing faith and it looks PPS will only drop further until earnings are released and everything is clear. Even if NG is a 5$.
Its all market manipulation. That is why there is an investigation. Someone is making big money after the dust settle. See it in the financial crisis. All the bank stocks are down, But now they are double or triple. Unbelievable.
Only you can make the decision to sell but GE was very adamant that none of the "issues" being raised by PWC would affect cash earnings. All the "issues" PWC identified were non cash and wouldn't affect earnings. Don't know if they put yesterday's call on their website but I highly recommend you listen before you sell, or hold for that matter.