it was included in the SEC filing:
Christopher L. Coccio, the Company's Chairman and Chief Executive Officer, R. Stephen Harshbarger, the Company's President, and Stephen J. Bagley, the Company's Chief Financial Officer, are currently compensated at the annual salaries of $150,000, $200,000 and $140,000, respectively. On May 19, 2016, Dr. Coccio and Mr. Harshbarger proposed a 50% salary reduction for the fiscal quarter beginning June 1, 2016 and ending August 31, 2016 and Mr. Bagley proposed a 15% salary reduction for the same period. The salary reduction was accepted by the Company's Board of Directors on May 19, 2016.
Been through this before a couple years ago, but company is much stronger this time around. Immediately after the news, officers and directors took voluntary pay cuts beginning June 1. Bottom line will not be terrible as a result.
Be patient and nibble on the way down. We wanted to be able to buy shares below $1.00 and now we can.
Not too unhappy about this...it's an opportunity to get positioned for the next up cycle.
My GTC at $5.10 was filled.
A total of 1000 shares were filled below $5.00 when the volume spiked at the open. Not clear if it was a block that was dumped or if a bunch of stop loss orders executed as the shares approached $5.00. Unless you had a GTC order out there before the open, not much chance to get anything near the lows.
right now it's just computers driving it lower. I'm watching it. Every 10 or 11 minutes when there's no activity it's selling 100 shares at the bid.
That was the same thing ETrade was doing for a while after the shares fell. Over the past couple months they removed whatever the restriction was so online is ok again. Merrill still makes you call in or use their SafePass.
now the computer systems are ganging up at $5.85
we're going to need a big buyer, or a concerted effort to get over $5.85...hopefully the coming earnings announcement will do it.
we've seen this before. we went through it a couple years ago. you, me, and phil know what happened and it will likely happen again. at that time, not only did the company maintain the dividend, it was increased.
the current price target is $8 and it will move higher over the summer as we get there.
we're going to see earnings increase and then it's going to accelerate because this time we have what we didn't have last time - a little diversification.
in the past, we all know the earnings were very lumpy and because of that, we'd see the extreme fluctuation in the share price. now, having additional revenue streams, we should show better profitability quarter to quarter.
I think it's going to get exciting - not only through the summer, but for the next couple years as well.
We have a squatter who has been sitting with a GTC sell order for 4000 shares at $5.85 for at least the past week. Someone is going to have to take it out before we move higher. It appears that we are stuck in this $5.75-$5.84 range until that happens.
now gone...but it was there for a good 15 or 20 minutes.
when it was best, market maker would step in front of it. very difficult to get any shares at the bid - you place any limit order just above best bid, no matter how small, they step in front of it.