does your computer not have an "ignore" button? You are about to go on it as you are just as annoying as those on ignore
6.6M shares owned by institutions who increased in a big way last quarter
1.4M shares owned by Lloyd Miller
1M shares owned by Avis (not registered and thus can't even be sold)
1M+? owned by insiders
Outstanding shares and in the money options total only 13M shares. The free float is less than 3M shares. With 500K+ shares short, one can easily see the out sized influence shorts have. I would bet folks here own more than 100K shares.
If Lloyd Miller took his holdings to 2M shares, it would be very difficult for him to do that without moving the share price in a big way.
went from 40% to 50% of outstanding shares. Institutions scooped up shares at the lows when it went down.
Cannell Capital scooped up over 900K shares. In addition, Lloyd Miller is a big buyer. The downdraft can only be shorting as buyers have outnumbered sellers by a wide margin.
A low float issue can easily be manipulated lower....and higher. Maybe the big buyers shorted so as to buy lower. They can easily reverse course and cover and drive the price up when the timing is right
10Q due today as well. As usual, Norm gets it out on the last day. Amazing that for $500K/yr we have a slacker for a CFO. Why don't they let him go and save a big chunk of change?
typically, $1000/unit over 5 years or $1.5M. So this will add $75K/qtr to recurring revenue. It's possible due to it being a takeaway, they gave a discount. Or it is just possible that our TAMs product does more than Skybitz now. Skybitz was late to the Analytics game