Summary for the week: flat with thin trading. Closed at 40 cents, which is up 2 cents from last week's close at 38 cents.
Many may have lost interest and decided to move on to other investments after the recent major sell-off that appears to have been driven by concerns with a CEO/CFO/Board that may have a seemingly criminal history, appear to have no knowledge or experience in Libsyn's business, and do not seem to be doing anything to grow the company.
With a stagnant Q2 as a major warning sign of things to come, bad news in the upcoming earnings release may trigger the other shoe to drop with a major sell-off and possibly fresh securities litigation.
Based on this week's news, I'd avoid this stock and sell any holdings. I would only start to consider it if it's well below 20 cents.
