I sold a ton of $1.00 puts that expired worthless. Got well paid too. ALL shareholders will be receing warrants in new company. The stock is really a warrant of a much stronger company.
Sentiment: Strong Buy
What release said they suspended their salaries? How can a company last with so little cash? What about expenses?
Let's see what the numbers will be. I guess it is so complicated that they need the full 45 dyas to release the financials.
Sentiment: Strong Sell
I expect sales to be lower than the 2012 sales of $2.8 MM. I expect the company to show a bigger loss than 2012. The company is running out of cash and needs to desperately raise money. So far the company has lost over $26,000,000 and i see more losses ahead. A clue to poor financials is when a company takes the legal 45 days, after a quarter ends to report financials. Meanwhile the officers are taking big salaries and expense money.
Sentiment: Strong Sell
How can we shareholders thinkk that an executive like Mr. Hojabr Alimi can be expected to live on a meager salary of $16,250 Per week? Especially as he leads a compnay that has always shown a loss. OF COURSE WE, AS THE TRUE OWNERS, GET ZERO.
It is time the Board did their job of representing us and get in some new mgt at a Warren Buffett salary of $100,000 a year. I know that is only $2,000 a week but if Buffett can do it, then Mr. Hojabr Alimi can do it. After all, our company is losing money. So, the only way to keep it aliove is to pump; out more shares and dilute us.
No one should be getting $40,000 a week. We are the owners and we have been getting -$0-. The Board is supposed to represent us, the owners.
I hope that all shareholders remember this when the Board members come up for reelection.
It is long overdue for mgt to reduce their salaries. This is really a Board function and they are not doing their fiduciary duty.
Warren Buffett only takes $100,000 a year. We have several executives taking (not earning) over $500,000 a year that rightfully belongs to us.
Please remember this when it comes time to vote for Directors. I know I will.
The new management is doing just fine clering up Action Product. If you don't like the stock, then just move on. If you are an idiot that shorted the stock, then i hope you get buried. This stock looks much higher to me and when the merger is completed, we could see a return to the dollar area.
i don't think this frivolous lawsuit has even been filed. it seems kind oif flakey and i think it will benefit the lawyers more than the shareholders and at the expense of us shaeholders.
a stockholders' group can be formed to sue Board members. Who among us wants to start it? you need a lawyer who will work on a success fee.
The company will have to sell more shares in order to survive.
One more rally and I am gone at $2
This looks like another pump and dump. Look at the company's finances. I just got a highly touting mail piece from Myers. the SEC should be looking at all of this. Many people will be burned, IMO.
i look forward to a higher stock price on Thursday. based on earnings and the fine assets, this stock is worth a lot more. they have a huge giant Capemax coming on stream that will ply between Australia and China. Very efficient. with an increasing Baltic Index, i think you will eventiually see the stock price back into double digits. i am long and i will get longer. the phone conference on Thursday ought to be positive.
This stock price is destined to fall to new lows. IF they really had the cash available and IF mgt really believed in their own PR releases, they would be buying stock for themselves and for the company.
I would sell if i owned the stock so that at least i would be able to get a tax loss write off.
Let's al go to PV's restaurant in Dallas. it makes more money than the company does.
It appears that a base of $1.50 - $1.60 is being formed. I would expect the next major move to be on the upside. Maybe it will take put the old high. I have a lot of faith in the new chairman.
Look for new lows in this stock before the end of the year.
Why are they making new announcemengts instead of reporting their financials?
Anyone have a $3.00 bill? This is one.
The only one making money is Phil. he gets a fat salary and he sells stock. not bad. The shareholders get -0-.
There is no point in ownig this POS. If managnemt thinks the stock is cheap, then let the company buy back shares. why isn't management buying?