What's Putang Science gonna say about that? Perhaps with a little digging, one might find that the customer swapped his order over to Putang's new secret facility in Weedong Province, cranking out pathy look-alike knock-offs at half the price? With the revs off the copycat glass, and dumping then shorting the stock into oblivion...they could end up with quite a little windfall. Wee rikey joint venture vewy much!!
Lost another customer? Probably the one that's had the large order sitting in the backlog for 7.8 years.
With that too now gone...what's Jimmy got to brag about now?
"The nature of insider trading makes these transactions very important to both stock market analysts and investors. Because insiders are in a unique position of obtaining vital trading information, their decisions to add to their stocks within their own company can be very influential to the movement of the market.
For instance, insider buys indicate that the company may make a positive announcement or make public news in the future that can possibly spur on outside buying as investors cash in on the belief that the price will go up. Indeed, if the news is good enough, investor confidence will rise and a positive movement in the stock’s prices occurs as a result.
Analysts also use the instances of insider trading when looking at the overall health of any given company. A lack of insider buying may signify the company is in lean financial circumstances. For investors, this can trigger a bearish or a negative attitude towards the company and can result in a lowering of share prices as shareholders sell off their shares to minimize their losses."
Saw a story about Lockheed Martin disabling a moving truck from a mile away by burning a hole through its engine block, using a laser. Out of curiousity, who do you suppose would make the lens for such a prototype? In house, at the skunk works? If LPTH were involved in such a project, do they keep it off the books, because it's a 'dark' project?
No takers on investing in a perpetual backlog? No interest in the good faith of the Chinese? No excitement over superfluous flummery about explosive growth?
Jeeesh. Tough crowd!
There goes day 2 closing below $1.
Eight more trading days, and Jimbo gets the delisting notification. Perhaps he can get the SEC to accept the backlog in lieu of the closing price requirement?
Nor the directors. Another smallcap I own (FRD) just had a director buy 10,000 #$%$ ~ $6.30 when they spiked down on earnings and the stock is responding to that vote of confidence.
Yup, the nasdaq folks have already loaded the delisting notification forms into the typewriter and are standing by with itchy fingers. I don't understand it....we have such a pretty backlog! How did this happen?