I counted NO LESS than 5 different press releases stating
that they had LOST a penny a share from the projected
earnings.... $.02 vs. $.03.
But I said all of that alreday...Their "correction" was
posted on Yahoo just a few minutes before the CCall.
I have THREE different news feeds...they ALL had the
SAME earnings statements this am..AND..their website
STILL contained the .02/.03 numbers in thier RELEASED
report when I checked this afternoon, so anyone reading
that report without looking at the news that corrected it
they are coming home from work, checkin on the report
that they have been waiting on and ALL they are going to
see from the company is a BOGUS report !!!!?????
Look in their investor relations page...it was STILL posted
there as a LOSS at 4pm today !!!!
The "unsavy" investor is going to read that report tongight
and sell even MORE shares off in the am tomorrow.
To make THAT huge a mistake is not just a mere oversight.
It resulted in the sale of a half a million shares.
This negative volume hasn't been this big in a couple
of months and RARE before that.
I sure am PISSED ME OFF.
Maybe things like that don't matter to you but they
smell PRETTY BAD to me. It smacks of BLATANT manipulation
and only time will tell if the SEC thinks so too.
catman...ISYA
PS...the flip side is...if this was an effort for the shorts
to clear their books on the cheap, it worked. They were able
to buy shares at $1.45 today to cover their short positions.
Don't expect any kind of a squeese to come out of this one.
They've done to good a job of self-distructing this and it
SURE looks like they had the help of MANAGEMENT !!!
The bottom line for me is that there are WAY to many good
companies out there making money and being HONEST with their
shareholders for me to be interested in this stock any longer.
I'm guessing that it will sell down tomorrow as well but I
hope for any bounce to sell into. This is dead money here.
They have made it a little TO damned obvious what they think
of their shareholders.
Unless you just BOUGHT IN TODAY...you are with ALL the rest
of the shareholders of this dawg with fleas...a BAG HOLDER !
Personally, I'm sorry I ever heard of this company. To date
I've lost more money on this one company that any THREE
companies that I've EVER invested in at the Microcap level.
When you are listed on the NYSE, that's as big and insult
as and investor can give to ya.
GLTY...with a management team like this..ur gunna NEED it.
Vana Catman fondles his mellons...
