InvestorsHub Logo
Followers 30
Posts 7057
Boards Moderated 0
Alias Born 06/23/2010

Re: SATELLITE post# 10465

Saturday, 03/12/2016 3:46:27 PM

Saturday, March 12, 2016 3:46:27 PM

Post# of 54521
Yes, surprising strong close as if many expected or feared to be left out of s big gap up Monday morning. However, the content of the ER published after-hours confused me because 1) the strong run up was before the 'news' release and 2) the $45 million loss, though less than last year, was hard to interpret as justifying a doubling in current share price. One can only conclude perhaps, that even with current debt levels, and still being far in the Red, some saw the PR early and concluded
the stock was oversold in 5-6 cent range. Many of us had that sense without any PR. But I'm not certain about rocketing above 20 cents with annual loss 45 million.

So, we are to expect a new and different quarterly earnings release next Thursday, is that correct? I think what was released AH Friday must have been published much earlier somewhere else, like, the night before, to explain the behavior Friday. Or else an 800 pound gorilla suddenly decided they were hungry for 20 million shares, and wasn't worried about the price because the zoo keeper was paying for them.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent ASTI News