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LET'S SEND THIS MEMO to insitutional owners, reporters and especially to the classaction attorney that has gone after Spectrum in the past. HUSSEY screws us, we SCREW him!!! Bankruptcy is not an action of convenience or a way to protect CEO, his buddies and his big bonus. It should be last resort and HUSSEY had NOT come close to proving that.
No selling!! Let's see if we get a little pop here.
This BK is not close to a done deal and there are plenty of people who may derail CEO HUSSEY and his attempts to protect himself and his big year-end bonus!!!
Link to Spectrum BK site:
http://www.loganandco.com/client_detail_summary.asp?DebtorId=336&DebtorName=Spectrum%20Jungle%20Labs%20Corporation
These things can go on for weeks or months. We don't even have a "Q" after our symbol yet. Those usually stay until a company leaves BK, at which point commons are eliminated.
So far the only date set is the meeting with creditors on the 4th of March. If you look through the links, you'll see many creditors and some institutional owners submitting attorney of record filings with the court. This is a $2 billion company and the judge will look at it seriously to see if this is a BK of convenience or a last option. HUSSEY's memo to employees in December would suggest at least he thought things were good enough just a couple of months ago. The man is either totally incompetent or he is an ego-driven SOB that is out to protect numero uno!!
What?.... a CEO worry about common shareholders!!??
That was a different century!!! Today we have greedy SOBs like HUSSEY that protect themselves, their good ole boy financierss and their HUGE bonuses. It used to be a real CEO would resign in SHAME if he couldn't save commons!!! Not HUSSEY!! The man has a huge ego and used to actually have his picture on the front of the company web site. After the BK he has gone into hiding and I'm guessing has somebody else start his car in the morning!! LOL
Just in November he was quoted in the Atlanta Journal speaking of the benefits of moving HQ to Atlanta. What? Better business environment? Lower taxes? NO!!! They have a racetrack in which private muscle car owners can join to race their cars. So Spectrum is going down the tubes mainly from advice given by ex-CFO Hussey to get into leveraged buyouts. And what does he find time to comment about? His freakin hobby!!!!
Here is his memo to employees (many whom are shareholders and leaked out to various sites):
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=35622321
So now HUSSEY is nervous that he can't prove that BK is the only option for Spectrum. He spent extra days and delayed the last financials so he could defend the last 2 years and how he has tried to fix things. Sorry HUSSEY, too little to late!!! Yes, BK is the easiest out. You get to save your job, get your HUGE bonus and race your car.
Who cares about the pesky commons!!?? Well turns out some of the commons are emailing reporters and court and filing objections. Ooooooooopppppps!!!
Yeah, he could have included us for mouse nuts but chose not to!!! Time to put the screws to HUSSEY!!!!
So I'm posting all of this to ask the question: WHAT is the stock worth IF Bankruptcy is delayed or stopped? We're at .023 now. How fast would a stock spike that had any filings or lawsuits to fight the BK? especially a stock with only 52 million shares??
California Public Employees' Retirement System Pension Fund owns Spectrum common shares!!!! Since these listings are a quarter old, I don't know if they still own SPCB, but this is not a group to screw with!!! They will sue you in a New York second!!!
No wonder CEO HUSSEY is trying to cover his ass!!! I wonder what the pension fund would think if they were emailed a copy of HUSSEY's memo? : )
Nope, the BK is NOT a done deal!!!!
Here is CEO HUSSEY's memo to employees that was printed online in December. THE SOB was probably working on BK as he put out this memo.
http://www.updown.com/Memo-from-Kent-Hussey/stock-tip/24795
Maybe we should send information and this memo to this attorney who has been after HUSSEY in the past:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=34154592
AGREED!!! They could have bought us out at .10 a share and it would have cost them $5 million!!!! They will spend that much on lawyers fighting pissed off commons. Remember, well over 50% of commons owned by large institutional buyers. Boy, that's a group you want to piss off and have them black ball the new common shares!! Or they could have diluted us and still worked their way out of BK.
Nope, this is a ego-driven CEO who likes to get quotes in the Atlanta Journal about racing his muscle car on the rich's boys race track!!! He is there to protect himself and his HUGE year-end bonus. He is also protecting the LBO boys and for that, they keep him.
Remember, HUSSEY was the CFO and helped get Spectrum into this leveraged mess!! He should be run out of Atlanta!!!!
So, I'm guessing there will be objections and maybe even negative HUSSEY story in Journal (wink wink) and then we spike up. I'd say we'll test .04 again next week. : )
Two days in the .02s. A few .03s but mostly .02s today. Went to the Spectrum web site link for BK court and seems a ton of filings for attorneys to be attorney of record for their client and to receive all information. I can't tell if they are all creditors but appears a couple are investment funds (probably common owners). Like I said these guys don't like to be screwed and they'll make this difficult for HUSSEY!!! Over 50% commons owned by institutions. Let's put the screws to HUSSEY boys!!! : )
Over .03 today IMO. HUSSEY is acting scared for a CEO that has declared BK? But did the lender default on SPectrum loan officially? Or is HUSSEY creating a BK to save his hide and big year end bonus?
Not many selling under .03. Low volume which says to me me why bothering selling this low. Might as well hang on and see if there is some negative BK news. CEO HUSSEY sure seems nervous to practically write a book in the 10Q regarding the history of why he dicided on BK. Oh, he forgot the part where he writes shareholders saying there is plenty of cash flow to get through hard times!!
Actually his little diatribe seems more of justification of why he as ex-CFO and now CEO needs to be run out of town and preferably tarred and feathered. He created the leveraged mess and now wants to save his butt and big bonus by eliminating commons.
Might as well wait and see why HUSSEY is so nervous. Too many asking questions, sending emails to judge? Hmmmmmmmm......let's see if we challenge the .04s tomorrow!!! : )
May be time to buy a few more!!! whatever person/group pushed this down, will almost certainly push it back up at some point. It went from .01 to almost .04 in 2 days and I'm guessing they'll try going over .04 this time.
We get any positive news like somebody filing lawsuit or filing objections and we move up faster than anybody will be able to buy. And based on the defensive nature of HUSSEY in 10Q, I'm also guessing he's already getting complaints and maybe objections filed. Here is court link from Spectrum web site:
http://www.loganandco.com/client_detail_summary.asp?DebtorId=336
Send complaints to court that CEO HUSSEY told shareholders all is good at same time he was planning BK. Also, mention the default event and whether bank really officially notified HUSSEY of default. Ask whether there isn't more HUSSEY could do to protect commons versus protect his bonus!!!!
Couple of interesting things in the 10Q.
First we already knew the numbers as they put those out a few days ago.
However, did anybody notice the entire first section dedicated to why we're going BK? Hmmmmmmm.....wonder why CEO HUSSEY feels he needs to justify the BK? Is he getting lots of calls and emails from common shareholders (or reporters) asking why he told us all is good and at the same time was working on a BK restructure?..... maybe some big institutional owners that will blackball SPC if they get screwed? Maybe he felt he needed to recreate historical information after he recently told shareholders there is more than enough cash flow and he has no idea why the pps was down? Hmmmmm.....I think this restructure has been cooking for awhile and maybe HUSSEY and IR forgot that public comments can be used in court?
Oh and the usual disclaimer about this BK is NOT official and MAY NOT be approved, in which case, commons would remain intact.
But more interesting was the use of the term "default event." I've worked for an organization that had a loan go into default. There are usually a series of items (payment, net profit, inventory , etc) that may trigger a default. I suppose those could be "default events", but the loan is NOT in default until the lender says so in an official letter to you.
Anybody here see a letter to Spectrum from a lender saying they are officially in default? Sometimes if you hit a default trigger, it can be corrected or the loan can be renegotiated before it is officially in default. I'm guessing there is NO official default and that HUSSEY is trying to take the easy path and the path that protects his $2 million bonus. I think the judge might want to know if the bank initiated the default or if HUSSEY created it to facilitate a BK?
All of this will come out. HUSSEY is hoping the economic conditions will allow this to go through without anyone asking questions. However, maybe Congress and MAIN STREET is fed up with corporate CEO greed!!!!
This BK is NOT a done deal and if it was you wouldn't see HUSSEY selling it so hard in the 10Q.
Charts, smarts!!! You the guy that has been selling below the bid in 200 share blocks? That always makes the chart bearish and is usually done by some shorter who then appears to be the board chart reader!! Nice try dude!! LOL
Looks like the same guy (at least following the same trading pattern) that was pushing us down before BK is giving it another try. We get some buying and maybe we can screw him good!!! Real risky to short a penny stock this low!!! LOL All the bad news is out and anything that hints in delay or a fight of BK and this guy is toast!! : )
Looks like a bottom, let's see if we can move up from here!!! BK still weeks/months away and plenty of opportunity for it to get derailed given CEO HUSSEY telling shareholders all is good. Missing 30% of the note holders who must approve restructure and guessing some institutional owners not liking the restructure that eliminates them. GEE, HUSSEY could have bought the commons out at .10 a share and it would have cost the company a measley $5 million. WHAT A CHUMP!!!!
.04s and .05s tomorrow? It hasn't taken long to get back to where we almost started. This was a terribly beat down stock before BK filing. And the BK can take weeks or months. We still don't have 100% of note holders in agreement and surely an institutional owner or two may file objections with the BK court. And somebody has been really buying up all for sale so let's see.......
Looks like we'll get over .04 at some point!!! Somebody wants these shares. The BK is not a slam dunk as HUSSEY will have to prove it is the last resort. Kind of hard to prove when you're on record saying cash flow is enough to get us through!! Not all note holders are on board and I'm guessing the institutional owners are looking at their legal options as we speak.
Serious buying so far!! We break .03 and maybe a run!!
Then ram it up Hussey's......sorry couldn't resist. : )
Let's get 'er over .03 and then ram it up HUSSEY's ......ooooops, guess I'm a little tired of Wall Street thinking they get do overs and big bonuses at the expense of Main Street!!!
Closed near HIGH OF DAY!!!! NICE!!!!!
Financials were better than expected ar at least better than last quarter so CEO HUSSEY has some explaining to do. If he thinks Spectrum gets a free pass, then he needs to go!!! No $2 million bonus for HUSSEY!!!
Time to email Cramer and CNBC with ANOTHER CEO that thinks of himself before shareholders. Well, I'm guessing a few of the institutional shareholders are gonna be giving him and the BK judge an earful!!! And why release restructure proposal and file it with the court before financials and before all 100% note holders are on board? Is HUSSEY trying to ram this through hoping nobidy is paying attention? Email Atlanta Journal business reporter and ask him to contact some of the institutional shareholders for their viewpoint.
I guess what I'm saying is that this is not a BK slam dunk. Hussey doesn't get to say I goofed, then wipe the slate clean, eliminate commons and then collect his big bonus. NO, he has to justify the BK, that it is the ONLY possibility and the last resort. Gee just a couple of months ago he was playin Gomer Pyle that he had no idea why the price was down and that he had plenty of cash flow. IF IT LOOKS LIKE A FISH AND SMELLS LIKE A FISH.....yep it's smelly!!!!
HUSSEY SAID WE HAD ENOUGH CASH FLOW!!!
Financials are actually good so why does HUSSEY think he gets to eliminate commons and get a do over!!??
Send emails to reporter of Atlanta Journal asking them to look into this and whether this is a bankruptcy of convenience:
PÉRALTE C. PAUL
pcpaul@ajc.com
IS THIS KENT HUSSEY'S HOME ADDRESS AND PHONE NUMBER? Let's leave messages with him telling him how shameful it is not to own his mistakes and eliminate commons instead.
http://www.google.com/search?q=KENT+HUSSEY+GA&hl=en&rls=com.microsoft:en-US&pb=r&ei=C2CMSaGiAZnMsAP9-t2SCQ&sa=X&oi=rwp&ct=title
I'm guessing that institunional owners are not sitting still for this. THEY DO NOT LIKE TO BE SCREWED!!!! And where is the last 30% of note holders needed for approval of the restructuring plan???
Financials not bad!! BK IS A JOKE!!!!
Yep, the financials are not that bad. In fact, they are better than last quarter when CEO HUSSEY said we had enough cash flow to get by.
Nope, this BK is nothing more than a matter of convenience. It's much easier to eliminate the commons and start over. It's the fad in corporate America now. Why should HUSSEY quit in shame and take the blame for his idiotic management? He can just get a do over!!!
WELL NOT QUITE!! Seems 30% of the note holders are still holding out. And I'm guessing some of the institutional shareholders are more than pissed right now. Time to petition the court and send emails to Atlanta Journal reporter asking if this is a BK of convenience!!!
100% of note holders needed to approve BK restructure plan. So far, only 70% have approved. Where is the other 30% and why did HUSSEY announce the BK before he had 100% and before he had completed financials. All very fishy IMO!!!!
We get ANY hint that some will not go along or some of the institutional shareholders start filing objections to restructure, and we'll spike to at least .10 or better. We may bounce up there with no news, just the fact that 30% of the required note holders are absent from approving the restructure. Could be mighty fun this week!!!!! : )
No Financials??? What is HUSSEY up to? You would think he would have needed to finish the financials to prove to note holders how much they need a BK restrucutre. Maybe they just talked with lenders? Maybe ex-CFO HUSSEY is moving numbers around to make situation look worse than it is? Maybe he's being questioned about why he told shareholders he had enough cash flow to get by and then says only BK is the option.
Whatever the real answers are, one thing is clear. HUSSEY helped get SPectrum into this mess and now he is protecting his butt and the LBO butts, at the expense of shareholders. Well over 50% of the shares are owned by institutional buyers. Wouldn't it be nice if one was the California pension group. They love to sue companies that screw them!!!
What is HUSSEY doing to books? If I had to guess he is making domestic look bad by moving revenue and/or expenses around. These corporate CEOs that forget about the shareholders need to be rounded up and sent off to CHina, where they know what to do with bums like HUSSEY!!!! Those CEOs and managers that were part of the milk production problems a few months ago in CHina have all disappeared. Hmmmmm....wouldn't some of that here get CEOs in line!!?? LOL : )
Financials delayed. SURPRISE SURPRISE!!!!
Gee, things are so bad that a default was triggered and there was time to get 70% of bond holders together to work out a BK plan, yet nobody wanted to see financials?? LOL
HUSSEY, it doesn't pass the sniff test!!! What does pass the sniff test is that ex-CFO HUSSEY is worried about those questioning the need for bankruptcy. Maybe some cooking of the books going on. Interesting how the international divisions are not going BK. Maybe transfer some of domestic revenue to international or better yet, transfer some expenses (or invent overhead expenses) from international to domestic? Given the lying and misleading of corporate CEOs, would anybody here be surprised if HUSSEY moved a few things around to try and justify the BK? Remember, the lenders and LBO group are the ones that really control HUSSEY. Used to be a CEO that had financial problems and got their company into a mess, would put their tail between their legs, resign and hope nobody remembered them. Different environment today. Screw the shareholder, protect me and the boys is the mantra today!!!
So what happened? Because I don't for one second believe they changed the date to Friday after hours and then yesterday after hours submit the NT 10-Q. The financials would have to have been completed to submit to BK court.
No, I emailed Spectrum and the Atlanta Journal reporter asking queestions about cash flow and expenses and revenue and if any was being shifted. Maybe it sent an alarm to Hussey. Also, maybe somebody filed an objection with the court? I think there is a link on the Spectrum web site that will show court filings. Need to check it Monday. At any rate, somebody was buying shares at end of day on a Friday and that seems like a positive thing to me!!
Spectrum and CEO Hussey have proposed a restructuring plan the eliminates the common shareholders. However, there can be objections filed and it doesn't happen unless all note holders agree and if the BK judge agrees. I agree that many CEOs are taking the easy way out becasue they can use the economy as the excuse for BK instead of the poor management. Yeah HUSSEY we're talking about you!!! He was telling shareholders along with IR lady, that all was good and that there was plenty of cash flow to get through recession. As we've seen in the last few months, corporate America can NOT be trusted!!! They are worried about protecting their butts versus protecting shareholders. They should all be shipped to CHina where they take bad managers out back and let them have it!! LOL
Wow!! Great finish at end of day!! And on a Friday to boot.
News Release says ALL SPC divisions are cash flow positive!!! Unbelievable!!! I guess we live in a world that allows crappy CEOs like HUSSEY to screw up and then ask for a DO OVER!!! Based on the fact "All of Spectrum Brands' ongoing international operations are cash-flow positive", I'd expect to see some objections filed next week. How does HUSSEY get to declare BK and screw commons when he is cash flow positive!!! Sorry HUSSEY but you need to try harder!!! This smells like some back door deals to me. Send emails to reporter of Atlanta Journal asking them to look into this:
PÉRALTE C. PAUL
pcpaul@ajc.com
*CEO said company was cash flow positive and had no idea why pps was down?
*Why was IR telling shareholders new exchange was being sought, ways to increase pps, etc.?
Why did insiders sell just a few weeks before BK?
Were the LBO boys forcing HUSSEY to go BK?
Here is news:
http://biz.yahoo.com/bw/090206/20090206005131.html?.v=1
IS THIS KENT HUSSEY'S HOME ADDRESS AND PHONE NUMBER?
http://www.google.com/search?q=KENT+HUSSEY+GA&hl=en&rls=com.microsoft:en-US&pb=r&ei=C2CMSaGiAZnMsAP9-t2SCQ&sa=X&oi=rwp&ct=title
When did CEO HUSSEY know? It had to take more than 60 days to put together a BK plan and have a prenegotiated deal. In other words, CEO HUSSEY was working a BK deal to eliminate commons almost immediately after he told commons there was enough cash flow to survive and that he had no idea why price was down. He then let the price go to pennies. I'm guessing he probably thought that would make the BK look better? Can we trust ANYBODY in corporate America or on Wall Street. A-holes like HUSSEY are going to drive the average guy out of the stock market which means stock prices in general will be flat over the next few years IMO. Once we get the recession bounce over, I'm guess most go to savings accounsts and cash under the mattress!!! LOL
Wouldn't it be nice if failures like HUSSEY were tarred and feathered and run out of town as opposed to being given new money!!??
Maybe they'll run it up a couple of pennies today. Gawd, never thought I'd be cheering 2 pennies!!! LOL Of course from bottom of .01 that's a 3 bagger!!! Guess its all relative. LOL : )
Moving up nicely after a bottom of .01. Just sit and wait or grab a few more.
Just noticed that some insider sold shares a couple of weeks ago. Sent that off to SEC as we know they aren't cpable of discovering it on their own. Wonder how many other insiders knew to sell?
Lots of accumulation under .02. Let's see what happens. : )
Yep, that's what those buying the 5 million shares the last 2 days are thinking. Plenty of drama here with CEO claiming he had plenty of cash flow a couple of months ago and now saying he has to eliminate commons and give bond holders 20 cents on the dollar. More likely this is a company that is not a good model - a holding company with many disimilar products, all needing separate distribution channels, marketing, etc etc. Designed by a bunch of IDIOTS leveraging others money. Wow, haven't we heard this story all over America the last couple of months!!!
CEO Hussey in the news release says the companies are all profitable on their own. WOrks for me!! Split and sell and divide the proceeds MR. HUSSEY - Ler
And your point is what? This is the second time you’ve appeared out of nowhere to explain this to us. Thanks, but we are all painfully aware of what this is and how commons are eliminated IF the proposed restructure plan is approved by the courts (which could take weeks or months).
So far this is a proposed plan that BK court has to approve. And yes, we do know the difference between Chapter 11 and Chapter 7. If you had taken the time to read the documents submitted to the court (they’re on the Spectrum web site), you’ll notice about 100 pages in that all bond holders have to agree on the restructure plan AND (please pay attention) the court has to agree with Spectrum’s analysis (they have a section on this in documents) that those owed debt are better off in the proposed Chapter 11 plan versus going Chapter 7 and liquidating assets.
Now, of course HUSSEY and boys would like to retain control so they’ll say and twist numbers any direction to try and prove that the bond holders are better off getting 20% of debt and oh they also get new shares (the ones we used to have). Remember this is the same group, along with LBOs, that overpaid for companies purchased and ran up this unbelievable debt. They now want a free pass and want to continue operating the company after they spen all of the commons money. Some of the bond holders and maybe class action attorneys representing commons might disagree with the Spectrum analysis and make strong arguments to the judge that all would be better off with Spectrum liquidated.
If you’ve read ANY of the market analysis of Spectrum you’ll see many of those covering Spectrum said they needed to lose some companies as the companies were too disjointed and there were no efficiencies in buying a bunch of companies with dissimilar products. So this is no slam dunk for HUSSEY and his gang of thugs IMO. Hussey had to have been working on this right after he told commons in a letter that all was good and that he had plenty of cash flow to weather the recession.
As far as new shares, the only thing that SOB HUSSEY will get from me is a size 12 up his arse!!!! If you’re here to sell new shares, don’t think for one minute any institutional buyers (of which at one time was 70% of SPC) will touch the stuff. THEY DO NOT LIKE BEING BURNED. And it remains to be seen, whether NYSE would take them back either. Spectrum was a complete and TOTAL failure pushed by the Leveraged Buy Out groups that funded Spectrum. It is a classic example of WHY the economy has failed and we need to clean house and rid it of the toxic waste like HUSSEY and his financial thugs!!!
So yes, those of us still owning commons understand the situation. We also know there is always drama around BKs and opportunities to flip a few shares and maybe get some of our losses back. Almost 5 million shares have been bought under .02. Ever see a trading group run a stock up. Maybe that will happen or maybe it will sit around here and disapear. But yeah we got it!! : )
As long as the individual divisions (Assets) are worth more sold and split, I don't think a BK judge will allow them to completely wipeout commons. Someobdy will file a lawsuit within the next week IMO. A CEOs job is to protect shareholders and if that means selling off pieces and disolving company so BE IT!!! You can't just wipe out commons and start over to reward Board and LBO boys.
Oh, they have taken HUSSEY's picture off the web site. What a pussy!!!! Send emails to IR complaining about misleading commons and not protecting commons by dissolving company:
Carey Phelps
Division Vice President, Investor Relations
866-338-2415
investorrelations@spectrumbrands.com
By the way, NO "Q" on symbol yet.
One other thing. In news release, Assets are stated as $10.07 billion while Debt is listed at $4.44 billion (which includes pension obligations). Lawyers could make the case that with assets that much higher than debt, the Spectrum pieces could all be sold off with shareholders getting what is left over after debt is paid to lenders and bond holders.
Let’s face it, HUSSEY had an offer to buy the pet division. That offer would have deleted almost the same amount of debt as the current plan which dissolves common shares. Again, HUSSEY thinking of himself and LBO boys instead of shareholders. We own the company and that @*#$*$ needs to do whatever is necessary (including breaking up the company) to protect shareholders!!!
It’s far from over. The class action lawyers and all the institutional investors (about half the float) are not happy tonight. They saw the only public letter from CEO last Fall talk about how there was plenty of cash flow to get by during a recession. It’s looking like he had already started this deal at the same time he was publicly saying all is good and “I don’t know why the price is down” BS. And there were multi-100 million dollar deals on the table for the pet division!!! In addition, just last week the IR Carey was telling shareholders that there were plans to move to a higher exchange and they were working on the price, etc and would be communicating with shareholders soon. It won’t be hard to prove that shareholders were misled and it will be easy to prove this was not the only out for CEO HUSSEY.
No, this smells like a good ole boy deal between the lenders (the original LBO boys) and Hussey. It used to be a CEO did nothing that hurt the shareholder. Today, with investment bankers leading the way, common shareholders are being thrown to the ditch!! HUSSEY and the LBO boys make out like bandits!! Congress and Americans are getting real tired of this!!
Spectrum is a big big company (over $2 billion in sales) with many many name brand products. This is not a regular penny stock in that there is money at Spectrum for lawyers to go after and trust me, they will.
The bottom line is this doesn’t go through until approved by a BK court and that could take weeks or months. During that time daytraders, MMs, trading groups, shorts, etc will be pushing this up and down like a yo-yo. We moved down 3 pennies or 64% on less than 3 million shares traded at eod. What would 10-20 million shares traded give us? I don’t know, but I’m guessing this moves up and down between a penny and a dime. We get a lawsuit notice and up, then financials and down and then up. Maybe we’ll all get our money back that way!! LOL
One thing I do know, institutional buyers do not like getting screwed over!! It will be a cold day in you know where before ANY institutional buyer touches new stock from Hussey and Spectrum. Oh and if I was HUSSEY, I’d hire someone to start my car every morning!! LOL
We know somebody has been pushing the price down for the last few weeks to buy cheap shares. And usually when somebody goes out of their way to get cheapies, they know soemthing. Would be nice if HUSSEY shared his toys with shareholders!!!
Well maybe it gives HUSSEY more time to pull something out of his arse!!! I have never seen a company just sit back and take a beating to their stock price like Spectrum. I'm beginning to think BK would move us up!!! LOL I mean my gawd, not one PR this year yet. Time to send them more emails and ask just how low does the price need to get before HUSSEY pays attention. We get from the IR lady we're gonna do this and this and this.
WELL ANY TIME HUSSEY!!!!!!!!!!!!!!!!!
Carey Phelps
Division Vice President, Investor Relations
866-338-2415
investorrelations@spectrumbrands.com
RU, was your original post of earnings today incorrect or did Spectrum change the date today?
Every time somebody buys at .05, the MM sells himself 100-500 shares at the BID. PURE MANIPULATION that can easily be halted with ANY news!!!! Well......I'm gonna sit back and wait for AH. It's likely that the MM is the one SPCB has to use to make the market in OTC and as such he is going make his spread. And Wall Street wonders why they are the most hated in America now!!!