yes someone is accumulating, but someone is also selling or de-accumulating? then in about 2 months after it languishes below a dollar they'll get a notice of delisting cause their per share price sucks, etc, etc. then they'll have to come up with another plan to pump up the per share price. All this due to top dog Sir Jeffy and his fiefdom along with a junk board.
It simply fell too far too fast really, no reason for it to have been that low to begin win. This is more a correction back to where it should be. If they can actually operate the business it can go much higher. Some competitors are growing so it's a matter of time.
that's a bit much but the valuation did drop too far to fast too. About due for some idiot to claim warren buffet is opening a position.
you're 100% correct, Smully is the problem, and he's in control no matter what. You invest here, and you're stuck with him. As long as you know what you're getting in to, you're fine. But anyone who treated other shareholders as he has done in the past had better watch their investment backs very closely. I don't see him changing his colors any time soon either.
If the Coop is getting out don't you think you should have too? You think he was selling because he thought it would go up? He doesn't just have the stock, it's the note. When that affects it non-cash charges it shows better true earnings than they have.