The market is still clearly skeptical on this, which is why we are able to load still below $1..... the fact of the matter is the float here is 4.7 mil shares, regardless of OS. The earnings report will be released before the end of the month and the market will recognize why Morgan Stanley, Contrarian, and JP Morgan Chase all took an ownership stake in this company, filing 13G’s when share prices were well above $1.
It took less than 1 year and less than 2 million shares traded over the last year (approximately) for market makers to walk this down from $21 to .31..... no negative press, no corruption, no scandal... just a low volume walk down on a company that simply restructured in chapter 11 and emerged with a stronger balance sheet. $100+ million of dead assets have been sold already and the company has streamlined its operations.
It’s a stronger company now than when those institutional holder paid several dollars a share for a combined 75% ownership stake. Make no mistake, this is one of the true life changing investments in the market today. With revenues in the $100’s of millions and a market cap that is smaller than their annual lease. Think about that.
idleness is the only refugee of weak minds
