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Alias Born | 05/16/2011 |
Thursday, April 20, 2017 1:26:23 PM
Co will be reporting material asset impairment charges relating to its goodwill and trade name.
That is the reason for the drop, not shorters, you can no longer short this stock with any reputable broker as the price is too low.
Company generates like $70 mln in rev every 3 months so yes, it is undervalued but there is bankruptcy risk due to the equity cure and the ongoing agreement with Bank of America.
VNCE good luck to all, looks like a few deep pockets are loading today.
Float 20 mln.
short interest is 28% of the float.
Anything positive even remotely in that next annual report and BOOM goes the dynamite for this puppy. $2.10 and beyond easy imo.
Sincerely,
Equity Analyst
All of my posts on this board and everywhere else have been my opinion and my thoughts on the situation I am discussing at the moment. I encourage everyone reading my posts to conduct their own thorough Due Dilligence and make their own choices independen
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