Investment bank. Investment banks have two basic functions: they raise capital and they help companies "explore strategic options" (ie: find a buyer). If it is for the latter, they generally have to make a public announcement of the fact. If the former, raise capital, there is nothing special about this -- companies are constantly issuing debt, sometimes stock, to raise capital. Jeffries specialty is high-yield, or "junk" debt -- companies below investment-grade rating. The bank finds individual suckers (oops! "investors") to purchase the shares or debt that is being issued. There is also another function, and that is to assist in making an acquisition and arranging the financing -- either debt or stock.
In Florida, bankruptcy law exempts a person's home. Therefore, if you anticipate being sued and heading toward Bankruptcy Court, your best financial advice is to move to Florida and put as much in the way of assets as possible into a home. Then when you are sued, your creditors' recovery is limited because they cannot touch your home.
By the way, to coin a phrase from John Wayne, if you cannot respect your elders, you should respect your betters. "Peanut Gallery," indeed.
May 5-6 saw heavy volume as it appeared a fund was accumulating in a rather clumsy way that pushed the stock price up to as high as $2.04. Then, a week later when the rest of the market refused to sustain the rally, selling came in at $1.89 and after two days the price was at $1.71. Given yesterday's action, it appears the same thing is happening, although I'm not sure that it was a fund that did it yesterday or early in May. Rather, I suspect it may have been a clumsy attempt to juice the shares through a penny-stock pump-and-dump game. We will see what happens in a few days.
"Honey, please pick up some K-Y jelly ..."
And you're the one that accused me of being preoccupied with "caulk." Seems you have quite a fascination with with another aspect of sexuality. No go find your Boy Scout.
"Hey look everybody: it's the swaggering "carry on" idiot who said a few weeks ago with absolute certainty that we would be at $1.30 right now...."
Because of your short attention span, I have to repeat myself. It as a month ago after the earnings release that you wanted to serve me crow. That as also at a price 15 cents higher than yesterday's close, or about 7.5%.
You have many more battles to be won before you can declare victory in this war. It ain't over.
Sorry to disappoint you but I am not kenbrizel and kenbrizel is not me. Very clearly cut and pasted one of my past responses to one of the spam sheets that keeps posting hoping someone besides yourself, jda, will subscribe. If you read its post, it makes no sense in the context that the original posting extolling the virtues of pennyshitsweekly made no mention of the Yahoodies. You would not have an attention span long enough to figure that out, however. Kenbrizel has been a Yahoodie for seven years and has posted all of two times.
How's that for "effete"?
No sooner asked than done! Way to go, LitePee! On another big up day for the broader market, too.
Hey jda/OopsticalBust! Who's the one eating crow?
Dunham at last count is only 59 yrs old. Sulick's 65 is not necessarily old and overdue for the pasture when it comes to CEOs. I don't disagree with the thesis that DYSL is a cold old turd, but get your facts correct.
On the other hand, you, jad254/OopsticalBust, were preparing a dish of crow for me to eat about a month and 15% ago...
Dunham seems to have skipped around all over the place. Now near the end of a fruitless career, he headed back "home" to Ithaca NY, where he went to school (Cornell), which is probably how he stumbled onto Clarity Corporate Growth last August (Clarity is the M&A firm mentioned). Clarity's M&A activity appears mostly centered on low-tech businesses and they no longer list Dunham as either one of their professionals nor a resource.
One supposes that Dunham's ongoing relationship with DYSL could put him in a position to engineer a deal that would combine that company with LitePee. This of course would help line his otherwise empty pockets, but other than that all it would accomplish is to give the comical appearance of two drunks holding each other up underneath the streetlamp.
Well, jda254, 2,100 shares came in at the end of the day to push the pps down one whole penny, to the day's low and ten cents down from yesterday. I think you have "tape painting" confused with "face painting."