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Swisher Hygiene Inc. Message Board

iyel 2 posts  |  Last Activity: Aug 15, 2014 1:18 PM Member since: Dec 29, 1997
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  • Reply to

    12,000 shares

    by smashersok Aug 15, 2014 11:17 AM
    iyel iyel Aug 15, 2014 1:18 PM Flag

    Not that unusual. After the 1/10 reverse stock split this became a somewhat thinly traded common. If that seller wanted out and was willing to take whatever bid happened to be up on the board that is what will happen. You could see more of the same if more of those who owned the common pre-split decide that they have had enough and bail out. For the shareholders who owned this common when it really was $4.00 once upon a time they get it. The chances of them ever getting back their cost is slim. They may well move on.

  • Reply to

    Another step

    by pmdkia Jun 18, 2014 9:30 AM
    iyel iyel Aug 12, 2014 9:25 AM Flag

    Take away the asset impairment charge and that EBITDA doesn't look so great anymore. Their loss from continuing operations was over 15 million however they try to scrub it and they are still burning cash albeit less than previously. At the current burn rate they have until the have until the end of the year before they run out. It really is hard to be to overjoyed here.

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