Remember this post? I didn't like the manipulation, so I sold out over $3. And I thought I was too early. Boy, what a drop that is! And today is Friday of all days.I never hold a company's stock that chooses to report on Friday. Never!!
Adjusted operating loss was $5.6 million, or $0.34 per diluted share, for the three months ended March 31, 2013, as compared to adjusted operating income of $4.3 million, or $0.26 per diluted share, for the three months ended December 31, 2012, and adjusted operating loss of $4.1 million, or $0.26 per diluted share, for the three months ended March 31, 2012.
The first time was after releasing very + earnings for the fourth Q and the year. We don't know why it spiked yesterday. I speculated that information regarding a good first Q leaked and the buyers didn't appreciate how thinly traded IFMI actually is. Over 50% of ownership is in the hands of management and former management and since they can't sell, they don't actually do anything to puff up the share price. There is very little float. We will all wait and see.