Ambulance chasers have arrived!
May be nothing to it, but it will drag on the stock.
I considered that they might just be averaging down.
However does 10% ownership automatically give you a seat on the BOD?
Might be a good thing.
(this may not apply as the shares were allocated to several entities).
Just saw that.
Capital Management thinks enough of them to acquire another 1.65 million shares for around $3.2 mill. Now owning over 15 Million shares.(10%). WOW!
Good money after bad? Hopefully not!
The question is, what do they know?
Or are they setting themselves up to be the Wall Street poster child for 2015?
I was going to comment that there is no apparent AH activity, then several trades showed up.
Last one at 4:36pm , 1,350 shares @ $2.12, which brings us up to a grand total of a 20.78% gain for the day.
Some news leaking out somewhere?