possibly before year-end. PRCP and it's Investment Banker are just going to let this implode apparently. Go ahead Lazarus stick it to them, they have no defenses and they are plagued by inertia at the top level.
Seen this movie before? Go back to 2009 when Marathon Capital--a long term 9% (value) holder of a low float stock w/about 9 million shares outstanding--- purged its position in a company named Versar (VSR). VSR had not performed well for years , constantly struggling for profitability. Marathon reached its limit, and although i don't think they ever said so, probably were hoping the co. would put itself up for sale. They didn't, Marathon dumped it, mostly in open market sales. The aftermath continues to be felt today even after their sale of stock, a change in BOD composition, and the resignation of VSR's CEO. Most institutions saw first hand exactly the kind of damage one disgruntled institutional holder could inflict. Any of this sound a little familiar?
the only thing that really lights a fire under them is the opportunity to grant themselves stock options and salary increases.If the stock options get awarded at a lower level, so much the better for them. As for the shareholders, well they are simply an after-thought anyway. No need to protect the stock price on their behalf is there?