SGMA - No telling when they will file. They already missed the additional five-day period last Friday. A bit of a mess between the WAGZ impairment and the loan covenant breach. It would be nice if they would accept the fact that they screwed up acquiring WAGZ and just get rid of it whatever that entails. Goodbye and good riddance.
I've continued to accumulate SGMA along with lots of other micros that continue to get punished. Sporting a tangible book value over $10 a share, I think it is pretty cheap down here.
I have seen lots of $1 stocks with strong earnings and solid balance sheets triple, quadruple and more, but I have yet to see one go below zero.