As a small investor who trusted Lou and lost $10K that morning....
his shenanigans were announced, I don't feel any better after the deal! Lost a sizeable amount of capital to me anyway and got nothing back and this is just another fine and bump in the road to corporate crooks!
Ten years later; I notice the two class action law suits are still "awaiting distribution" at Berdon Claims Administration. I wonder if now, after the execs pled guilty, something will happen and we can get our few pennies on the thousands we lost.
Reimbursement of my $10k plus loss plus interest would be appreciated. ha....never see a penny because that is the system. Screw the widows and orphans is always the norm in the giant Ponzi scheme and restoring investor confidence are just meaningless words!
I would like to say I'm Long this stock but I think the whole stock/stock trading industry is corrupt and I have no idea how well this stock or company will do long term. I'm holding long term hoping for a triple over the next 5 years. I don't believe a buyout of this company will create a large windfall for the shareholders. Probably only a big windfall/parachute for the heads of the company. GLTA