I'm not worried about it. This company has earned 9 cents over the last 5 quarters. If somebody wants to sell his shares at 15 cents, then he's free to make that poor decision. Even if this company misses for the current quarter and reports a sub-par Christmas, the company is still worth more than 15 cents per share.
Last sale $0.15 of 100 shares (cost $15 plus commission) BUT immediately following bid of 0.20 to 0.28.5. In other words, not a scary trend (volume counts). I'm tired of throwing in a market buy for a hundred shares to save their face. There may be more sellers before the end of the year because they need the cash. BUT lack of transparency from management is very bothersome. CEO, how about a comment here for us? You've communicated this way before.
Bridgejumper, Not too concerned because it was just 100 shares from someone who placed a market order. Tfor2 can address this with a 100 share purchase at the sell, at the close of the trading day. What is more concerning is the lack of corporate communications. SMDM management was quite informative when sales were up, new product was being launched, and there was some profit. Now with a few bumps in the road, things got very quite. That is the main reason this trades by appointment.