This thinly traded equity that is not defended by the corporation or others at this juncture, is a prime candidate for shorts to play. One day this will be history based on earnings and outside progressive buying interest, but at this juncture.....it's just a show.....and they are making more money with this equity than the longs, unfortunately.
Not sure why these guys keep the company public. They should just go private and then could really ramp up their salaries and dont have to report to anyone. $5M for losses? That seems about right dont you think?
sslim598...........it seems unclear why you post a negative comment regarding LTS. You said you went from a short position to a long at $1.25. If you have determined that the investment outlook is cloudy based on your review, either sell and move on (as you have booked a good profit) or cease complaining about something that we mere mortals cannot change. I find it odd for a long to rip a management in a public fashion, while hoping to increase stock holder's value.