you took the words out of my mouth. I thought the last quarter was bad.. this was terrible.. and no end in sight. You would think that all those legal fees would put to rest the issue for good.. but it sounds like it's the tip of the iceberg.. more losses to come.. more shares to be issued, no disclosure on the new upcoming product, with no idea of success. Sounds like the Cold Eeze brand is losing it's steam. The last few times I was at Walgreens, Cold Eeze wasn't even there!!! I gotta take my profits on this one and move on. I don't see this moving anytime soon.. will give me an oppty to buy back in many quarters from now.
I have alot of respect for Ted.. but the direction of the company is too shaky at this point, as is their balance sheet.
I feel your pain. I've been in in for a while at an average price of over $1. While this wasn't the press release I was hoping for, I still think the potential for a takeout is there. Why else would Ted have doubled down with his share purchase a couple of weeks ago at $1.61. He could have bought it much cheaper or not at all. He needs to focus on settling the lawsuits and rolling out the new diet product line.
the buyout may not pan out for 10 yrs.. who knows. Also, I don't know how much of that was really purchased by Ted.. it did not show up in Yahoo's insider transactions. They need to make a comeback.. and that's going to take a while. I cashed out, moving on to others.