Actually the chart says it's much more likely that this will retest $5 before it ever sees $8. But who's counting....
The only thing stupider than the mindless pumping on this board is the insinuation that if only the CEO put out more pump releases that the stock would go up.
Compare my track record to yours. Always right? certainly not. More often than not, however, and that is how you make money, not being a permabull like yourself.
Keep telling yourself that. There are very good reasons for the under-performance. Your rose-colored glasses just prevent you from hearing them.
What? First time I have ever heard a shelf being referenced as analogous to a poison pill. Read up on your corporate finance, it might do you some good.
In all likelihood this is Gunton from NJTC. This was telegraphed via his board resignation and should be a surprise to absolutely no one that has been paying attention. I told everyone that this would happen when he resigned.
Stop the scaremongering though. A transfer of shares from NJTC to real institutional investors can be a long term positive.
Plenty of companies have security shelfs in place. That does not mean they are imminently offering $100m in stock, OK?
I think they will use this, but selectively. It is an overhang for the stock, there is no doubt, and a clear negative. However, you are blatantly misrepresenting this to the clueless sheep on this board.....
Who cares? Ringing the opening bell is a reward and photo opp for internal staff. Nothing more.
You think institutional investors sit around waiting to see who rings the bells?
Probably because NJTC is trying to pave the way to exit their stake, or have already done so.
Before all the geniuses on this board chime in, that would be a GOOD thing if they can broker a transfer of shares to institutions. It also cleans up their board composition and governance to have NJTC out, given their investment mandate.
Curious that you don't mention he wrote essentially the exact same thing, in the same publication in July of 2013. Just like that "article" didn't do anything for the stock, neither will this.
Put down the crackpipe. This is a board appointment. It appears to be a good one, but is HIGHLY unlikely to significantly change the course of this company.
Do you know what the board does? They meet 1x a quarter to discuss high level strategy. No role in daily operations and the things this company has been struggling with.