Typical Chicken Playbook
The company is sticking to that good old CEO playbook. All failing companies always send their management teams to the same CEO school.
Most everyone already knows they are going to get a NASDAQ warning. But still, the company waits until the very last minute to release the 8-K. I think they have 4 or 5 days to do so, which should be Thursday or Friday.
So instead of showing any integrity, they will wait to release it as close to the Holiday Weekend as possible. They want to diffuse the NASDAQ warning by using the Christmas weekend to "Dilute" the bad news. They try to dilute everything, don't they? Dilution is something they really understand. Along with insider selling during a P-n-D.
This just shows me more weakness on their part. And what about those unaware investors who have no clue about the upcoming NASDAQ warning? Well, it looks like they will have to spend their Christmas with a little bad news, instead of enjoying it. Too bad.
Thanks Guys !
JMO
