Every time this dog posts earnings everyone gets excited and the runs price up. Now we have more bagholders stuck with an ever declining price. One of the most shareholder unfriendly companies I own. Danny moving out of the country should have warned any newbies.
This was shorted to death at a much higher price. Simply dumping a 1000 shares this morning and covering them back this afternoon made me .21. 10 times the div in one day. There is not enough support and far too many wanting out for any gains to stick. Been that way for a looooong time. True short interest isn't that high but it does exist. Every now and then it goes on short sell restriction
Then why is it back down to $1.63 already? Big dogs sold in the run up and have put their money into something decent. Shorts having a blast here. Sell it short, Pay the 2 cents and go earn money else ware.
Profitable yes but if I read this correctly, Danny still has is mouth at the trough.
Upon closing of the transaction, Mr. Cohen will resign as an officer from IFMI and will receive no termination compensation related to his resignation. Mr. Cohen will remain Vice Chairman of the IFMI Board of Directors and IFMI's largest shareholder.