and that's just a stop along the way to $3.25 and $3.00.
1. Swenson sold and left quietly
2. No more dividend, and it's not coming back
3. Operating losses being posted
4. If the RTEC shares are not cashed in, bottom line losses are posted.
This is just a miniscule mom-and-pop operation...shareholders are just a necessary evil. Swenson likely realized that this is broken beyond repair, took his cards off the table, decided not to play any longer, and went home.
Yes, originally, but then after doing the research and due diligence, it became clear that this was not investment quality - at least for my standards. For a gambler like yourself, where the fundamentals mean absolutely nothing, research is a non-issue - isn't that right? All that matters is how many shares are in the float.
"MMs r systemically selecting ..."
No, the word is systematically, not systemically. Systemically cannot properly be used in such a sentence formation.
I'd like to familiarize you with the definition of the word hypocrite, brainiac.
"... their are many who will flock..."
have you never been taught the proper usage of there vs. their?
man, talk about poor grammar.
"My point of your poor grammar was that the intelligence of people who only converse via written script is only obtain by your words and the way in which you missed used a simple word shows that your intelligence is not very great hence my comment."
1. "...is only obtain..." - obtainED
2. run-on sentence
hence you are as dumb as they come and anyone who has any inkling to follow along playing your game will lose, just like you will.
ELSE is not going to $8-$12, because there is no basis for it, other than the made up figure in your mind, which is nothing more than a guess based on how you think others will play this game.
When people need to lower themselves to comment on grammar rather than the investment thesis, it shows just how they are unable to provide a reasonable rebuttal.
If you want to feel superior about your grammatical skills - go to town, I could not care less. As far as investing goes, you aren't, you're just playing games, and most people who play this game lose. Is it any wonder that Average Joe runs around proclaiming the markets are rigged? That's because Average Joe does not invest, he plays games and thinks that if he doesn't win, it's not his fault. Well, it is your fault and you will likely lose.
MMs are not doing anything. A bunch of pump/dump folks are playing games on a couple messageboards and Twitter feeds and the dumb sheep simply follow the herd. This is very indicative of a bull market on its last legs - morons throwing money at anything just because they want to make fast money.
This company is not making any money. The activist investor folded his hand and left with his tail between his legs. There is no growth in sales and there are no earnings. You can play your games trying to convince someone dumber than you to buy your shares, but the fact is that if/when these games end, the shares of the target almost always end out lower than where they began - because you have long-time holders selling on the way up, and more long-time holders plus the new bagholders racing for the exits. There are many examples to choose from right now where this is clearly the case.
During November/December the shares are going to visit the $3.00 to $3.25 range - so you should prepare yourself if things don't pan out to your plan in the next 6 weeks or so.
You've been warned.
Nonsense - you are still lost sweetie.
Either you do not understand how to read the income statement, or you do know how and are looking to distract attention from the only pieces of it which are important ... which I think some folks unloading their shares do understand.
Who cares that sales increased 12%? How did it show up in the bottom line? It didn't.
Bottom line was a profit of $202,000 and $203,000 came from the sale of RTEC shares
Take away the sale of shares and what are you left with brainiac - A LOSS!
Six month bottom line = $602,000, sale of RTEC shares = $750,000 = income from operations = LOSS of $148,000.
The company is not making any money.
See the forest through the trees - shares will find their way to $3.00. This is likely why Swenson sold - this is a dog that cannot be fixex.
No reason to buy shares.
I hear the same load of garbage every time gas prices are up and folks like you say "hey, let's all boycott Exxon...we'll show them". Nobody will listen to you when you say "don't shop at Sport Chalet - they made me lose money on my investment"...they will laugh at you too.
obviously you did not have enough B shares to prevent this from happening.
get over yourself.
there are and will be no lawsuits, because there is no money to be made. you need to learn how Capitalism works.
you posted like an idiot for the past six weeks about how you're not giving up your shares, you're suing and going to court, blah, blah, blah. since you avoided answering my simple questions about what you have personally done on that front, obviously you have done absolutely nothing, and will do nothing, just as I've said. you can laugh about that all you like, because everyone else here is laughing at you.
Y! summary page has showed that 29 cent AH quote for over a year.
there were no after hour trades today, easily verifiable.
why do novice investors look to Y! as being a reliable source for investment information?
Yahoo does not present any of its own information, especially when it comes to quotes/estimates/recommendations - it subscribes to feeds from other sources like Thomson Reuters, Bloomberg, and others. Sometimes, it even processes the information incorrectly, or doesn't keep it up to date for one reason or another ... as is the case with JSDA.
There is no $1.25 price target.
What investigations? What "shake something loose"? There are no investigations. Simply ambulance chasers fishing to see how many dopes they can rope in.
Can you tell me more about your lawsuit and the attorney that you've spoken with? Obviously you have not and will not. You have some highly inflated sense of your personal self and the value of your shares and the company - all completely wrong.
It's over. Move along.
My suggestion to you - since most brokerages charge a "restructuring fee" or something similar on the order of about $30 when there is a buyout/tender like this, if you are able to sell your shares for $1.20 in the market, you may be better off doing that if you pay low or no commissions for your trades.
yes, I see that they are doing a 1 for 100 reverse split so the shares will trade above a penny and they can list on OTCQB
however, the only thing they keep growing is the hole they're in.
$23 million loss
current ratio 0.04
negative 5 cents/share BV
so the shares trade at .0006 and they lost 69 cents/share
are you asking folks here to check out how stupid you are?
I'm sure they'll survive without the 100 or so of you.
And FYI - it's Sport Chalet...you've gotten it wrong at least two different ways in your limited posts.
yes, vote means nothing:
"As a result of the purchase of Shares in the Offer and the purchase of the Family Shares, Merger Sub has sufficient voting power to approve the merger without the affirmative vote of any other Sport Chalet stockholder."