The money they raised last year in the 2ndary was to pay for this garbage. I love how they massaged things all this time. Wouldn't trust these guys with my kid's Xmas club a/c. Good luck to those involved.
I'm following this stock closely, however why would you buy if you don't know what is going on? Based upon historical price, this is a good entry point however why did the dilution take place? What are the banks plans? Any information???
Don't know if poorly placed because of the thin trading in the stock, or maybe the road show went poorly. Didn't help the 8-K filing showing the bank a creditor of Yorktown Funding in the amount of $8.6 mil. just when they were doing the 2ndary. Here's the link: