His 90 day plan is transparent, and says exactly what will be done immediately. A reconstituted board and management is the first steps to bring OUR company back to profitability.
Johnson can do nothing more than sling mud...he knows the end is near. He has done nothing other than look for ways to secretly siphon money from the company to his pockets.
The end is near Frank - your gig is up. And guess what - you don't get severance and are unable to collect unemployment when you are fired for cause.
The level of US markets is not an issue for me as I'm going by the insider purchases plus fundamentals plus being undervalued. If market takes those stocks lower, then barring any operational/performance issues, they are just even better buys. I learned long ago not to invest in foreign markets - no matter how good something looks, those markets do not provide regulation and protections that we enjoy. Russia already taught us a lesson the first time investment banks and naive investors plowed in maybe 15 years ago...total disaster.
WOW! You are really looking for some excitement there...one of my rules is to never invest in anything overseas.
It did get a quick bump in AH as Russia just announced rate increase to 17%...is that what led you to it? Or just looking for contrarian play on Russia?
The malls are empty this holiday season. The teen shops are dead, many have 50% off the entire store and there is still no traffic.
The end is near.
Announced good earnings (as expected) after the close. Turnaround efforts are now taking effect. Next two quarters are the seasonally strong ones.
I've been grabbing the shares below $1.20 as they've showed up...will likely continue if more are offered.
Things are very good today and will continue to get even better. Interest rate is going even lower as of Jan 1.
Go listen to the replay - especially the closing remarks.
Next two quarters will be strong and we may even have an acquisition or merger announced during that period.
Keep these shares off in the corner of your portfolio and don't touch them. Pick up more if short-term folks are unloading and driving the price down.
Profit of 3 cents vs. 1 cent yoy.
Even with softness in South Dakota, higher profits and improving results were posted. Debt continues to be paid down and balance sheet continues to improve as well. Lower debt = lower interest payments = higher profits.
It speaks to the performance of you and all the current officers and directors.
Today's press release is hilarious!
If he is so bothered by Wise taking control, why doesn't he pull some money out of his own pocket and purchase a million shares? As it is, Johnson owns a piddly number of shares, so what makes him believe anyone cares what he says? Put up or shut up buddy.
As far as constantly pointing at Jenny Yu and claiming she bought shares on inside information, I have two points:
1. Johnson was unloading a big chunk of shares in the $1.60s and $1.70s earlier this year. Why should anyone believe that he wasn't selling on inside information?
2. Jenny was purchasing her shares well above the share price today. If she purchased while having inside information, did it matter? First the price has plunged. Second, she has not sold a single share - she's looking for the long-term investment, unlike Johnson.
Johnson should quit wasting shareholder money on his pathetic campaign to save his job. It's over buddy!
It's also clear that either Johnson himself or one of his hired clowns are reading the posts here.
You can't deny the facts Frank...you are toast - tell Garrett to start packing up his office.
I know enough not to give any credence to someone named blowhard. At the time I made the post a week ago, the shares had previously run up from low $6 to mid-$7 and was on the way down...specifically because of tax selling. Don't be ignorant thinking it was something else.
Answer: Absolutely nothing.
Thanks for heads up. Will be anticipating call from Johnson's clown...which he has no doubt paid for with shareholder money.
Your numbers are way off.
Company has cash, no debt, operationally profitable, positive cash flow and current quarter is a strong one.
Wise's Asia division is responsible for generating the increased sales in 2014.
Shorting into tax selling is a good plan, so long as you can cover, and get out before the tax selling is over and the January bounce begins. Wise taking control after the vote is going to make the January rebound that much stronger. - hope you cover before then.
Read Wise's proxy filing this afternoon.
He has Johnson over a barrel ... Johnson and his management team must go. The facts are very clear - it is time to clean house. Johnson is wasting corporate/shareholder money in underhanded ways and wants to keep it going.
Vote for Wise and all of his candidates - let's put an end to this.