I follow alny from time it's found in 2002 and shorted from time to time. This is a company which has no product what so ever but rnai theory and it survives 11 years just by PR. It feeds investors with news and empty promises and surprisingly investors keep putting money in one wave after another. I'm really amazed with the management's propaganda skill. Its CEO would be very successful if he's a politician.
Very funny. Afew months ago BBY was 10 bucks now 25. Some one still thinks it's going to bankruptcy.
According to tecub earnings report, it makes 22.6 mil in 2012 with 45 mil curtailment gain with decrease in sale.That means it lost 32.4 mil without curtailment gain.
Now they put out 500 shares at 9.00 at buy side to make the increase of price more realistic. Remember shares at both sides belongs to the same group.
Here is the scam: They sold and bought by themselve 100 shares at 9.17 to make people believe stock is moving up. Then put out 2500 shares bloc on the sale side at 9.19 and hope some naieve people would take the bait.
Someone probably Roumell Asset Management tries to higher stock price by buying and selling at the same time with price higher every day. It seems to me they want to lure naieve investors to buy their shares. You can see their scam by looking at inside trading in Yahoo Finance. All amount of daily shares selling daily laterly belongs to Roumell.
RVBD is not a bad stock and the earnings isn't bad. RVBD's still make money not lose money. But WS crooks make it like going into bankruptcy because they already shorted and continue to short to depress price more to frighten naieve investors to sell cheap. After they cover with big profit and buy a huge volume, they'll tell their analysts to upgrade RVBD to strong buy to push up price. Then the cycle continues.
Clearly they play game with this stock.
Now they do not allow to short and trade a couple of hundred shares with price higher a couple of cents each day. They try to inflate the stock price and I guess some day they pay some analysts tp upgrade this stock with ridiculous price for them to get out with profit. Wait and see.
With the accomplice of Goldman Sachs and R. Hasting, the hedge funds just buy and sell to each other to push price higher to lure small investors in. When price is high enough, they'll sell and short to push price down to take profit. People who lose money are small investors, posters who applaud nflx nowincluded.
With market cap 139 Mil and 6100 employees and with the stagnant economy now, tecub can't withstand the burning cash for long. The company tries all alternatives to survive included to sale the company. But tecub is old, established from 1930 and has no money to do R&D, it's hard to compete with other sompanies or to find a suitor to buy the company. Another alternative is to raise cash through issuing new shares or notes. But this one will lower shares price further and it's not easy to do. If no alternative is found soon, tecub surely will go into bankruptcy.
Sentiment: Strong Sell