I think you are implying more experience in this type of transaction than you likely have- I never heard of a seller unloading all the shares in a 2 day span-usually they feed them in in a measured way, and it is particularly an issue with such a small trading volume- ANY ACTIVITY THAT DRIVES A STOCK DOWN 18% IN A DAY IS A BIG F__ING DEAL- MAYBE YOU DON'T HAVE MUCH OF A POSITION HERE- I DO.
bjr- you are wrong on that- a 1/2 a million in stock coming out of a small cap CAN cause a huge drop- it triggers all kinds of #$%^&. And as this being to cover taxes, 1/2 a mill is alot of taxes-
My point is, he has done alot of work to build this company and grow its value- this current drop took a year of growth in the stock price off-
Has the Board of Directors done a one year chart on the stock price? Oil is down, so they should be very bust refining- but instead, they maintain the refineries so poorly that when they get a "chance of a lifetime"- they blow it-
You may be right- but isn't planning the downtime and MANTAINING THE F__ing refineries a sign of a responsible management??
I would not want to invest in a company that treats its customers so lackadasically- cust service is critical to their success- but they don't seem to value that- and this is during the day- after hours the calls and chat rolls to India- and they do not have a strong crew their- judging from my experience
Why is it not climbing? They are a refiner, running at 97% capacity- if their stock price was ever going to go up, it should be happening now? I own some, and I am really disappointed- really interested in your thoughts-
Management is overpaid, and know it, and know that if the company is bought, they will be pushed out- their incompetence and greed are the only explanation for the company continuing to do poorly in the best year for car sales EVER!