Call it tax selling if you want. Last years Christmas pop was because intel of the raise leaked out. One day after it was signed and 35 days before it was publicly released. It wasn’t some Christmas tax selling miracle. The market has spoken its verdict. They can’t raise anything, they can’t get any meetings, they have pissed off so many people and burned so many bridges - this management team is so insularity toxic - what’s happening right now is this. Because of the almost “lunatic” level of current managements inability to deal with reality, (its MY company, I’ll do whatever I want” screaming sessions - there is a group reportedly looking to buy up stock on the cheap - like it has been for months now (not tax selling) - and they will notify the sec and they will walk into the boardroom with like 12% of the outstanding paper and will tell will Waldrop and Lori Glauser to get out of the boardroom and never come back. Take their stock and stop screwing everything I’ll. And especially get a team that knows how to run a company and who can garner the respect and support of their own employees but more importantly the respect of the bankers and the market makers.
They reqched out as the rep was the same group talking to my broker about putting together a big short and wiping out the deal. Seems they found a couple of million that management already pitched, but who decided yes they believe in the deal but he’ll no were they giving it to Waldrop or Glauser to burn up and waste again.
Watch for fireworks as they panic to sty I control. It will be an ugly couple of months as the ego of those two will make it nearly impossible to get their heads thru the boardroom doors. But they will seems the new group really has a plan. And big money. Soak up all the wasted diluted paper and get a CEO that analysts don’t laugh at.
