People buying the shares because they like the website! How funny is that?
As Eli Wallach said in "The Magnificent Seven", "If God did not want them sheared, He wouldn't have made them sheep."
Maybe, but when I hit Research and Products, a message came up saying :"This is somewhat embarrassing, isn’t it?
It seems we can’t find what you’re looking for. Perhaps searching, or one of the links below, can help."
What a collection of clowns.
So I'm sitting here wondering what all the commotion is about with the website. What's so important about the website being updated? Isn't the product line what's important? But to be sure, I went to the website and scanned around. Leadership team? That page looks fine. New releases? They're all there. Then I hit "Research" and...nothing. Can't be found. Then I hit "Products" and...same thing -- can't be found.
What a bunch of clowns running this company! Find a high school kid, give him a hundred bucks and three days, and the web site will be fixed. Guaranteed.
Die, greg. Take pennshitsweekly and burn it. Or better yet, stuff it up where the sun don't shine.
So I get a thumbs down on this one from four posters. Or one poster with four aliases. Must be somebody that does not like to hear bad news on their investments. If they were true investors, they would welcome the contrary opinion as a test of their own analysis. Fact of the matter is that funds -- mutual funds and hedge funds -- will engage in quarter-end window dressing for the very reason I mentioned, to avoid having to show their investors that they are holding something that is performing as poorly as this one. What individual investors need to understand is who is buying and who is selling shares in their company. Purchases by a fund that tracks one of the major indexes are meaningless. Sales by a long-time major holder, on the other hand...
Question is, "Who is feeding shares into the market as the quarter nears the close?" If you look at the major holders, it is not #2 Vanguard because virtually all of its LitePee holdings are in index funds -- they have to won the shares. Same is probably true for Blackrock.
Then there is #1 holder EAM Investors, a fairly young outfit without much of a track record. They are very astute -- founders and senior management came out of the very well respected west coast outfit Nicholas Applegate. But if you read their website, you clearly understand that LitePee's performance does not confirm EAM's selection approach and they may not wish to have this embarrassment on their list of holdings that they have to file at the end of the quarter.
Penbrook, with 230K shares, is a tiny outfit with only $132 million of assets under management, and they too are not likely to want to show their investors that they own this POS.
Nobody else owns any amount worth talking about.
We've seen some heavy selling recently, including today. My suspicion is that it is window dressing. The end of the quarter is approaching and funds will be required to report their holdings as of 6/30. Their investors will not be happy seeing a position that is down from $2.02 in three months and down from $2.83 over six months, while the benchmarks have done much better. So the solution is to take out the garbage.
Had such a huge impact on the share price performance Friday, didn't it JO? Your information has all of the substance of a bucket of steam. You need Brain Camp.
Yeah, and your "substance" sure added fire to the pps today, didn't it? With 15 minutes left in the day, you are down a penny on 150K shares. Traders really lined up to buy on your "news", didn't they?
You and nomac&cheese share a brain and you both need brain camp.
Substance? How big a customer are they to LitePee? Which products? Where were the strengths in FNSR's earnings report?
A company performing like this one ought to have a management doing something other than playing games outside of the office. Rome burns while the emperor diddles. This thing is going down, just like nomac&cheese on a Boy Scout.