The stock is being attacked this morning because it can. Tax selling started at the end of the disastrous 2nd quarter. We have turned over the float at least twice. Tax selling is a poor excuse for a management team that continue to go to these Conferences and come out as failures. Their job right now is to generate excitement into owning shares of this company. As far as I am concerned they are wasting precious resources attending these Conferences. It appears The Street doesn't trust them or believe they can execute.
I have been trying to get the SEC to investigate this company. They are obviously beholden to hedge funds who are winning big on this stock with their short sales. This company is a poster child for everything that is wrong with Wall Street and why small investors don't stand a chance. The robots move it down, cash in, and then move it back up, only to repeat the scam over and over again. This is how money is being made on Wall Street. It's gaming. It's manipulation. But more importantly it's worthless and in my opinion criminal, and yet we are allowing this sort of bogus enterprise to be the center of our economic structure? Just look at this board. It's filled with robot posts, all short intentioned. Meaningless. Worhless drivel. I've been invested in this company for ten years. It's a perfect microcosim of Wall Street. Like John Corzine, it's not just a bad company and bad management: it's a bad everything.