they were not exercised. these options were given to them. You are interpreting this data inaccurately. You must be new to the market. The only time folks exercise options, is when the option price is below the market price. otherwise, why do it?
especially when you consider they have free rent, on over 60% of their locations.. Why can't they make money? they are paying their officers way too much. they are indeed top heavy. CUT everything to the bone and more dollars form the top line will reach the bottom line-it isn't rocket science, its just common sense.
at the annual meeting, the CFO wrapped up the presentation by stating they have already turned the corner. In addition he said, " our share price will swiftly recover"
don't be so negative. Let's show a little optimism.I am thinking the glass is half full
It is time to buy into the earnings report, before it is released. The catalyst? expectations are so far in the gutter, that they will be an absolute cinch to surpass. In addition, there is a possibility that a large Hospital Culinary service contract could also be confirmed. Poor expectations are a trader's best friend, because all the bad news and then some, has already been baked into the stock price. Most traders have already sold the rumor, and will be buying the news. The news that the results really were not as bad as presumed.
Today, Investor Place issued for buy ratings on food stocks. They included, HSY, JJSK, and finally JVA. It is exciting to see the momentum building in the shares price. Who knows? we could even double form current levels.
today we are seeing a lot of shorts covering to book big profits and bottom feeders buying too. Once this buying abates, the share price will level off. the stock simply was way oversold, and needed to bounce.
today's 13% jump is merely a classic dead cat bounce, as soon as the shorts stop covering to book profits and bottom feeders quit buying, the shares will begin to level off. we were simply too oversold.
The lawsuit claims that the Board of Directors is breaching their fiduciary obligation to outside shareholders. This is certainly a troubling accusation. What will happen next? Will Luby's respond to the charge or just go on with business as usual?
Call IR at 604-718-2046 and ask for Gram Madison or Ryder McRitchie. Tell them a reverse stock split is mandatory if we want to save the stock from going into the abyss. Be persistent and relentless in your pursuit for shareholder justice.
the conversion is at $2.12. it is fixed price. Cartesian won't benefit from a lower price.