Statement tuesday night by a yahoo spokeswoman --- they understood that any potential change to the IRS's spinoff rules would NOT affect ruling requests that had been already filed. -- story by Hannah Kuchler in SF from the FInancial Times
YHOO should skyrocket back to 45+ on this senseless fear mongering by shorts.
Unbelievable how many people are touting to get long VLTC at all costs. A company on the brink of being delisted from Nasdaq a few weeks ago and needing a capital infusion to a company now worth $150 million all in 3 weeks time! No new revenue streams have been announced and the nasty operating losses continue to plague VLTC.
Wake up retail long chasers! This piece of dung will be back in the $2's as quickly as it went up to $19!
Why do people think Carl Icahn is making out like a bandit in his VLTC investment? He put $50M in this company a decade ago and now its only worth a fraction of that. He has been wrong and probably wrong once again.