That Cowen really #$%$ me off. $25 price target. Wonder how much in fees they got for offering. Talk about payola. Secondary was at $15. I'm not fully giving him benefit of the doubt yet, but I do think Steve is probably a good guy, and seems to be righting the ship He's doing his best to clean up after the other jokers #$%$ away all that offering money. Jason the fraud, Matusow, Kremen, and Ousley can go to hell if we don't see some insider buys in next few months.
I agree. Keeping the listing status was the biggest overhang since last fall. They need to get + ruling from Nasdaq now that everything is filed, which I think should happened soon. The other issue they need to address is the cash on hand. Hopefully the job cuts and other expense reductions will help, but the burn from legal issues has been horrible. Hopefully when listing status is fixed, they can get better/bigger deal with OPUS bank. While quarter wasn't good, they did reaffirm full year guidance. There was also a big buyer Friday at 2.20 level. And yes, an insider buy would be a huge + for confidence going forward. On the call as well, he said they would be the main PACS supplier for all of Cisco. Hopefully they can get some growth going there. Or maybe, with the tax loss carry forward, Cisco would just buy them up for a much higher price. Been a horrible year for longs, so company needs to execute, which they have not done for quite a while. And Jason should be behind bars too.