The stock was at $0.10 not too long ago. Current price $0.005 is a 95% loss. You were adamantly touting the stock at $0.40 which brings your loss to just about 99%. Wow.
What I really don't like is the fact that they mentioned the words "going concern" in their delisting pr. I don't know why they needed to express that point in that one sentence if there wasn't a serious issue in play.
Moller's never created one successful protoype or any other object that can fly but now he's starting production??? Take a mouthful of pills and get it over with already.
Very, very, very difficult to compete with freemium games and a complete loss of interest in motion-based console games. Also, at the current market cap of $7M+ it is still 1.5x book value. There's nothing to sell, nothing to liquidate. The lights will be turned out very soon - it's unfortunate, I liked these guys - They competed against the big boys for a long time and even had their 15 minutes of fame with their Zumba titles.
Cooper dumped 13% of shares in all of the entities that he manages - 2.25M shares down to 1.96M shares - reduction of 13%. If another form 4 comes in with more sales from him, I'm out. This would be the price to buy but selling now is assuming BK is coming.
Tax loss selling is usually done at the end of the year in order to lock in an offset to your gains prior to the year-end to reduce your tax bill in April. Tax loss selling now wouldn't make sense.
If there's another Form 4 today from Cooperman then we'll certainly know why the incessant drop. Then the question would be "why" when he was pushing for the "no brainer" buyback. Has he heard anything since then or is he just ticked off and liquidating his and his clients shares?
Though those sales were only a small portion of the total holdings. Looked like around 10% of holdings or so - depending on the entity.
I'm sorry to hear that. I do think there is capitulation going on from others like yourself. The volume is not very large but the percentage decline is extreme, day after day. I'm not sure business is that bad - only full of fear.
A 20% move from here will bring ASPS where it was just 2 flippin' days ago. Not sure if I should average down but risk management is whispering into my ear not to.
Unfortunately, the E in the P/E that you are referring to is probably going down soon with the loss of business by OCN. Amazing that the company can't pony up some dough to do a buyback now.
I sold all my MNDO last week at about $3.90 knowing full well that the stock would drop at least $0.30 by ex-dividend date. To me, the capital gain is more important than the dividend. I bought it back yesterday at $3.54 although probably too soon. I think quarterly dividends would be smarter for MNDO as it will provide more stability for the stock instead of these annual one shots.
Sorry to burst your bubble but the period was for January 2015 and those were stock option related anyway. Believe me I would have been happy to see it. Just got in this past Friday to ASPS too. What the heck did I get myself into. :-)
Anyone interested other than me? I've traded this a couple of times up from high $16s to $19s. Cash flow machine - low enterprise value. Any company with this low of an enterprise value / EBITDA ratio is a winner in my book. I hold a bunch of cash machines like this. Earnings in 30 mintues - hopefully no material changes in business have occurred and all is good.