I bet being a paid basher creates more wealth than being a hapless bagholder, even if the pay is zero.
I look at this:
After 15 years as a publicly-traded company, they still can not turn a profit. They are either in the wrong business, or have the wrong leadership.
There was a time when you could count on cappy to perform consistently. For years the pps would run up in anticipation of earnings, and traders could buy a few weeks after Q announcement, and sell going into the next Q earnings.
All that changed with the last 2 quarters, and now there is nothing left but uncertainty, and nobody wants to trade that.
Without an immediate management change that might give investors some confidence, this thing is toast.
The "institutional investor" is now an institutionalized investor, probably at Bellview.
the big question is, "will #$%$ hold 66 cents this time?"
The traditional run-up going into earnings seems to have ended, and what else could stop the slide, other than dj and the b.o.d. stepping down, which is not likely.
Jesus is coming as well, but I am not holding my breath on that one either.
You would get more value buying yourself a spelling and grammar book.
This appears to be nothing more than a pump/dump/repeat piece of garbage.
If you look back 10 years, you will find it rare that this does NOT take a dump after earnings release..er losses release. What was different this quarter was there was no run-up on anticipation of good numbers, as all the dreamers have been crushed.
"How long have you been in business?"
"How much do you sell these things for?"
"And what does it cost to make and market them?"
"Who are your major competitors?"
"Do your competitors make a profit?"
"YOU WANT $$ FROM US??? DO WE LOOK LIKE STUPID PEOPLE TO YOU?"
been running this scam for several years now. Wouldn't you think they already finished with the "our ability to implement our business model and strategy could be compromised."
I think they have completely implemented their "business plan"-(sell shares of worthless stock to suckers.)
Where is the board? my guess is they are comfortably in the CEO's back pocket.
Living high on the hog in Southern Cal on the shareholders' $$ must be a great life!
the tradition of running up in anticipation of earnings seems to be broken. It used to give folks a chance to get out, but looks like the opportunity is gone.
Wonder if the institutional investor who bought in at $1.70 is now in a mental institution.
let's not forget the favorite tool of these worthless pumpndumps- the reverse split! That always moves the pps higher... for a few days.
didn't you hear? those sanctions consist of obama/biden un-friending putin on facebook and no longer following him on twitter. That is as severe as these empty suits and empty heads will ever get.