One thing that De Belly did say other than the 800 banks still not up is that he is going to raise prices. Mitk is imbedded in enough banks now he can start to raise prices with very little risk. Its buyout season, we can only hope!!! PS I couldn't find a strong maybe below in the yahoo box.
On May 15th we should see this number down to 2-2.5. They managed to get out without any affect on the stock price on this thinly traded pos. That is just amazing. My hats off to the shorts. Pick a stock that looks good on paper with no real brand marketing and play it to the max. My estimate is that they made between $20 and $24 mill on this stock with no effort other than their patience and prey on the longs, like robin hood but not!. If short position is below 2mill this may 15th may be time to buy and hold again!
They now have 3 consecutive quarters of earnings before stock comp, which doesnt count for tax purposes unless your exercising below market when issued, and a huge loss carryforward for tax! Where is the recognition of the tax asset, long term and short? Waiting until year end is not an option here! Restate the quarter to show the asset!