He's tainted goods and bad for business. The problem is, he already fulfilled his goal of making himself rich off a public company. I'm sure you all are aware of the scandal in Bell, California. NUANCE works the same way but it's legal and no one goes to jail. Ricci seems to have no plan for all his acquisitions as evidenced by his cannibalization of his own businesses within EMR.
Ricci sold 11,681, Tempesta sold 10,409, Beaudoin sold 3367, Dillione sold 3081, Chambers sold 3301. Wouldn't it be nice to sell your gift options to pay your taxes? Like they don't make enough in salary alone. This company is the perfect example for what is criminal with Wall Street.
There is no doubt that Ricci and the BOD's are keenly aware of the reputation Ricci has in the investment community. This is never good even if Ricci was doing a good job. He will have to go and I believe he will soon. It could be announced in the next couple of days as I'm certain they have had (or will soon) their first if the year BOD's meeting.
I wouldn't bat an eye if we went below $5. I distinctly remember how I felt when we hit $5.54 and went back down to $3.64. Look where we are right now! I feel fortunate I didn't panic and/or try to time the movement.
We're going to get results from their annual board of directors meeting in the form of an 8K very soon. I will be curious as to what they all passed this time. Last years meeting was the big stock giveaway and the 8K came out on Dec 12th.
just like yesterday, walked down a little at a time on very low volume. It will be interesting to see what it does at the end of the day. If it mirrors yesterday, we might have something in store for us.
These individuals like Soros, CI and the like are territorial. Kind of like the African Safari. You take one step into their "zone" and you'll get eaten (or be eaten in our case):(