Let me put it another way...I know that you deal in chart tech, not investor sentiment, but lets suppose that during the IPO, SKUL would have said to potential tut investors, share price doesn't matter. We (mngmnt) don't care about stuff like that, we are just worried about headsets....do you really think that would have instilled investor confidence? NO WAY!
Now, that this lack of mngmt concern is a reality, there will be no new money coming in here.
Thus, the only confidence is among the shorts....K.....get it?
You know I agree with you Articfax on the management handling of the stock and more important shareholders and Wall Street.
Andrus, Wescoat and the board all have a heavy compensation based on stock price. Andrus himself spent his 1st 2 years as COO as a Harvard Grad with no salary (just future share's in the company) he gives 10% of his earnings to the Mormon Church as well.
As OP said... It is kinda Bullish in a sick way that they haven't fought this out. They must have confidence that the company is viable and is going to make numbers. The insider sales have all been directors (except for Andrus) and I can see why he has "planned" stock sales as he wasn't compensated for the 1st 2 years of Skullcandy's exictance.
The company, stock price reflect HEAVY Jeremy's standing with the community and the salary consession he made.