The shorts have been in control of Rave stock for a long time. Even though there's a small float (8M) shares there's still about a half million shares shorted. That's actually dropped over the last couple of months. It's very easy for these people to keep dropping the bid when they know there's not many buyers. Rave has always been one of those companies that have very little to do with their shareholders. Shareholders aren't important enough to even have a CC after earnings. I would love to see some of the insiders step-up and start buying some shares to show retail investors that there's hope for this company.
They were saying that before the Q4 numbers were to be announced....I remember thinking what will the market be happy with? They still will have a loss so who's to say what will satisfy the market? In all my years I have never seen anything like the current earnings release mess. This is not the way to run a company !!
When I first started following this stock back in the CVSL days I remember the shorts were all over if big time. the legit short interest was up around 350,000 shares and their was constant talk of naked shorting....now here we are after months of negativity and no info from the company and the stock closes at a dollar. I would have thought the shorts would be having a field day with constant selling but I don't see it...something strange going on here....
Global Movement Update! April alone we welcomed another 5,000 new members to our network!!!! Record month after record month = unstoppable. May is already rocking and shocking (even I am shocked!!!). Changing lives one smile at a time...JRjr
I'm surprised the stock has actually held up as well as it has. Whenever a seller shows up once he's gone it bounces right back. I have communicated with the IR person over the last few weeks and he has always been upbeat & very positive to me. There's only so much that he can say but he's never refused to communicate. The company really needs to address this earnings situation...and soon !! I sure would like to see a PR in the next few days.
I agree with you. How accurate can your numbers be if you really don't know if Betterware is going to be part of the mix? But if that's a part of the puzzle the company should have made it known to their shareholders. The company really dropped the ball in respect to this part of their business.
The Competition and Markets Authority in The United Kingdom has officially dropped their investigation on the Betterware acquisition. It is public information available on their website.
So he wants to be the top company by 2033....anybody going to hang around for another 17 years? I doubt if I'll be around....I think Rochon is only about 38 I believe...
Vinnie's Pizzeria: New York City Restaurant Unveils Pizza Box Made Out of Pizza
Restaurant owner Sean Berthiaume told PIX 11 News that he came up with the idea of creating a box made entirely out of pizza while bored. Each pizza box is $40 and comes with a second pizza inside.
The only reason Dominion would take shares is because they feel that they'll make more money in the long run....seems pretty simple....I think they're in business to make money...right?
In my opinion, making the statement that the company is performing very well IS discussing results, since many believe the long delay is because the company ISN'T performing very well.Does that make sense?
Company is performing very well, we are excited to release our annual filing once we are cleared by our auditors and accounting team. Unfortunately I can’t pass along very much as we are restricted heavily from discussing any results prior to their official release....rec'd this a.m.....
Just read an article by DSN listing the top 50 companies in the U.S. JRJR was listed at #47 @$140M in sales. The top five companies are Anway, Avon+, Herbalife, MaryKay & Tupperware.