"more interested parties than employees". "exciting 90 days".
Sell, sell, sell. Failed promises never materialize, PPS plummets to $1.50. Retire.
Yep, you just can't make this stuff up. What a country.
Just boggles the mind. You can thank Brear and the boys.
$5 a share? Seems pretty far fetched, doesn't it? A 300%+ premium from your low? $5 is a pipe dream with all out Anchor rejection. "Not a penny under $3!" is the new mantra.
This management team will never have credibility EVER again with the street. It's completely shot and no future guidance will EVER be taken seriously. So either this company needs to be sold to highest bidder, or new management is needed. The BOD better do something, but I get the feeling they are worthless too. They have a fiduciary responsibility to shareholders and doing nothing will break that. All the BS from Brear about how they had "multiple ways" to reach 4th qtr numbers. I'll bet anything he knew right then and there they weren't meeting numbers, and lied through his teeth. I mean, can't tell the truth before the 40,000 share sale goes off, right?
I wonder how all the analysts are going to react with the now obvious point that management straight up lied to their face.
I've heard this thrown around today. Can someone tell me where they saw this? I have never in my life heard of such a thing. Apparently you can just say "I'm selling due to insider knowledge" and then just go sell shares? And you don't have to release what this knowledge is? First I've ever heard of it. I thought a 105b trading plan or whatever was a way for an insider to trade while they apparently DON'T have material insider knowledge. They aren't suppose to have this knowledge when the plan is set-up (of course who can ever prove that?).
If there truly was a document that said sales were due to "insider knowledge" then why in the world was ANYONE holding this garbage? I would have been GONE if I would have known that!!
Well you can be rest assured, no one will or should stick their neck out on this stock, analyst or otherwise. I suspect most, if not all, bridges have now been completely burned within the investment community. And to think management just got huge stock awards...what a country. This companies need major changes at the top, and the BOD needs to take action to rebuild any semblance of credibility with investors and analysts.
The problem is Joe Z is still around. Getting him out of CEO was only a half step, he needs to be completely removed from this company. And of course the other clowns all still remain. So investor confidence isn't likely unless the FDA completely changes course on Anchor. If they don't, forget about it, it will never recover under current management.