Bought about 2300 more at $4.70. Hopefully it stabilizes and gets back on track. Couldn't resist getting more at this price. A 20% drop from these results is insane. It should have been a 10% gain, IMO. But VVTV is nothing if not exciting, right?
KS is only punishing his long term holders with some of the stupid things that he does. This fiasco could have been avoided completely if he would have given guidance and disclosed some unknown costs. Its a shame that he does not understand psychology. So, we the long term loyalists have to take this hit for his stupidity.
stock was trading close to multi-year-highs before the release so I think there's not much to complain for you "long term loyalists" - the setback today will be temporary so you might want to upsize your position on this occasion - but wait until the dust settles at around $4