I agree with you nmoil. It was a tuff one. I think a good class action suit is needed for the bod. They were completely negligent. But who has the time and money?
I guess there are many new opportunities to focus on now. I think I will spend my time and money on finding a good investment.
Good Question NM, I don't know what these guys have to gain by trashing a stock that is down from 20 dollars to 20 cents. They are not short here. I don't know what the satisfaction is they gian? Maybe your are right they are just trying to beat it down further so they can buy more at lower levels. I often wonder the motive behind these characters.
I'm No j2world but it's likely to be soon. It's going to be black or red. At least it will put us out of our misory one way or the other. Good luck longs.
Looks like he is taking a 3 day weekend. I see a .49k @ 26 and 72k @28 on the ask. Looks like there is more selling still coming from someone that wants out.
well mr 169k just showed up late to work as I write this.
Yes, I agree with you, would be foolish to get back in this one after taking big losses. Persistence is for kings and spiders not investors.
Well it's Friday, time for tandy to release some bad news. Who is going to resign today or will this be the day they go down and see Judge Houser? Or will this be the day Mr 500 dollars an hour works a double shift and racks up an 8k bill for the tandy shareholders. Likely spending 3 of those hours at lunch at the local strip club. It's not bad work if you can get it...
It seems all the BOD and Management is running away from something... It can't be good. I don't know about nuclear... maybe TNT..
I suppose it would not be that hard for the company to do a rights offering to current shareholders to raise cash if they needed it. Also they could do temp financing for a few million to keep the business going until they were sure they could make revenues greater then expenses.
I don't know if there is anyone left inside to fight for this company. Clearly there has not been anyone there for the last 5 years. Seems like they have just thrown in the towel by hiring this bk expert and paying him $500 an hour.
There was an order on the bid for 250 k shares @ 22 on the last trading day of the year that has not been filled yet.
Agreed. No planning or currency control. The Chinese workers sell tandys belts because of the currency manipulation. Makes it easy to compete for them. They can work for 2 cents an our.
Someone is still buying this thing. I see 250k shares on the bid. Can't be shorts covering. I'm just puzzled buy this. They have to know something... Or maybe they are just gamblers that know nothing. Anything is possible...
Happy New year to you nm.
Thanks, I think Judge Houser will be plenty busy next year...
Looks like large shareholders are still bailing today before the guillotine comes down.
I'm glad the large shareholders of tandy are being punished for their in-action.
Hope it puts them out of the game where they belong.
And yes, I am bitter about the whole thing.
I see that another bod resign over the weekend and they said nothing about a replacement? Strange... Are you still buying here at .23? Plenty of stock for you....
Your argument makes sense but what is taking them so long? Plus why would they pay current shareholders for something they can get for free in bk?
One answer: Maybe the numbers are better then expected, But that does not seem logical based on all that has happened in the last 2 months. Another answer is someone else steps in and rescues it at last minute, but that does not seem logical either because they likely would have by now. Looks like longs are just waiting for guillotine now...jmo
Well said. but what's going to make spb/hrg/salus a good samaritan? Why won't they say sorry tandy you have broken the credit agreement and force tandy into bk. Now they pick up tandy without having to pay anything to current tandy shareholders?
You could really load up on this one... There are plenty of shares being offered. It's a red or black bet here. You will either make it big time or lose it all. Could be a rags to riches story or a riches to rags story. Looks like they need 30 million to replace the salus deal. Where are they going to get that?
Good point. However, on page 247 it states that during the second year of an incumbents term the winter settings must be lowered by 10 percent if a republican is in office, provided that there has been less then three inches of rain in the first half of the rainy season in the southern amazon region. If this is the case, then tandy does not have to lower the thermostat by 10 percent. This could make the difference on weather they blow more covenants in the credit agreement. It could be the determining factor in filing for bk or not...
Where are they going to get 30 million from when they have nothing left to secure it with? Are they going to do a stock offering and whip out the current shares? I think this is the question? Who is going to finance this companies 30 plus million of debt at a reasonable rate. I think this is the big question and what has held it back from a merger. Seems like salus greed wants to put it into bk then just pick it up for free after current shareholders are gone.