I really don't like it. They have just squashed this thing until the reverse happens. If they think changing listing boards is the answer to their prayers they are wrong. The only way out of here is to cut spending and show a profit, and continually increase profit shown.
Management has continually increased spending, ahead of revenue.
Management has gone for the magic bullet (reverse and Nasdaq) but where is the money to do that coming from. I am not against debt conversion, and perhaps that is part of this equation, meeting some demands. I just feel they are a little to savvy for their own good. slow and steady wins the race.
ATT offered $39 Billion.
DTEGY owns 74% of TMUS
Current Market Value of TMUS is 23.4 Billion.
Dish offered Sprint $25.5 Billion
Softbank offered $20.1 Billion for 70% stake of Sprint
None of these numbers make sense do they.
DTEGY should not let sprint or softbank buy any portion of the company. it will end in disaster, as nextel did.
I closed the remainder of my april 25th position. This could be a construed as a possible bullish indicator!
If it pulls back to 17 I will re-examine. RG are you going short?
Can you provide examples of companies that they have "straightened the wheel" prior?