Anybody with even an iota of business experience would understand that it takes at the minimum a year to eighteen months or so to turn around a company that's been abused to the extent this company has. You may call it as you see it, but your sight is aligned to your warped agenda.
you assume that Mr. Wise is going to remain in the U.K but you really don't know for sure do you? In any event the market sees this latest news as a positive, hence the huge volume on the 26th. I find it extraordinary that you both created your user name and started posting the very day that LaGrange Johnson, Garret and the rest of that gang were sent packing. Also that $425k from the insurance settlement is another welcome development. Sour grapes seems to be your drink of choice.
Leon Cooperman sold .83% (109k shares) of his personal holdings as reported 6/30/2014
Omega (his investment co.) increased their holdings 504% (50,235,000) shares as reported 3/31/2015
People sell for many different reasons, they buy for only one reason, to profit.
Actually he recommended it this weekend and CIM is trading at near its 12 month low so at least in this instance it probably is not too late.
Others may have posted predictions, I certainly did not. However I did make a small bet, a bet not an investment, that the company would benefit with Wise in control. Neither did I predict how long it might take for before we saw a recovery in the companies results. So far the direst predictions of the stocks fall to 50c and then 20c have not been realized but rather there has been support at the present level. I also have never denied it could fall much lower but then again it might and then recover. It's a thinly traded penny stock, for entertainment only and I will add, its not over 'till the fat lady sings and she ain't singing yet.
Don't know if it's a great deal or not but who cares it's a penny stock, no one on his board has much invested but there seems there's support at this level.
If you don't own it why even be concerned? While some might be influenced by an anonymous stranger posting on a board I doubt your having any success on this one, still if it makes you happy???
They had institutional support before even announcing the acquisition, this was a done deal from day one.
There has been continual steady buying and an increase in volume and support these last few days, accumulation or just shorts covering? Either way it looks good for longs. Incidentally, according to the latest published figures of 3/31/15, institutions having been buying at twice the rate than the're selling, encouraging no?