Why is it over 100% still?
You can call David Burke of the Ruth Group and he calls you in about a day. I asked why the earnings are late since it should have been in first week of February. The last two earnings were first week of August and first week of November. So, we are 45 days late. He said end of year and full years earnings always take more time.
I asked of he knows time table, and he said no. He said when they are ready they will announce it. Nothing is shown scheduled on their website. This doesn't sound good to me why it is delayed so long.
This is not a big company with complex revenue stream. this may plummet at earnings. I think that is why they did their secondary IPO in February as they know things are bad and didn't wait for stock to fall further. That is, SCREW the shareholders now and collect the $10 million before they get any wiser.
The Ruth Group
They have a website where you type in questions and you leave your email and phone number but no one calls or emails back. At least the last 2 months I have posted like 4 times and no answer. You would think after getting $10 million more they would hire a secretary to answer.
Is everyone doubting it now and selling before under $2?
Back to $10 in the next two days. Buy all you can.
Note we are at the very bottom.
If people will just stop selling. It cannot possibly drop another 4th day. It was trading after -hours the day of earnings in the $11.50-12.00 range and now it is $9.48? That is crazy.
Who keeps selling? Must be forced margin selling. I am just shocked.
Wow, even the pumpers from 3 days ago hate this stock and disappeared. Do you think thy just go wiped out and licking their wounds? I think they are afraid to say it is chap so more selling occurs.
What is the bottom? another -$4% after -27% two days ago and -7% yesterday??????? This is -40% drop since earnings.
you have gargantuan balls....I hope it stays above $2. Someone knows something to continue dumping from $3.02 just 5 days ago.
Maybe $9.10 range?
And now, total silence and people keep selling....why? If $12 was a good deal, why isn't $9.70....
Where did all of you go to?
Incredible, down another -3% in first hour. End of day forced margin selling may push this under $9.50
This isn't good at all.
It will rise slightly today but look for more selling Wednesday.
Yes, I don't see how it can stay above $10,.82 with all the continued insiders selling at $13. There are just so many competitors in this field and they don't really have anything unique at all. When Amazon IPOed, the CEO had a bar bones second hand desk in a rundown office in Seattle next to a strip club. They ran lean and mean for 20 years.
Have you been to FUEL's office in San Francisco? They think they are investment bankers. People there just work from 9-5 and they are paid 20-25% above industry average. I don't see how they can succeed unless they dramatically change their way of doing business. They are burning through their IPO money so quickly.
Are you in the business and what do you think of FUEL at this price? Do you think it will fall further or stabilize and just sit here?