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Monday, March 31, 2008 1:28:18 PM
"The info coming out is nada... and Ted, I am really hoping for a big news release, then we will be fine... but a 95% collapse here? Very bad news. Stock didn't just drift down, it collapsed. With all of the potential, I am very worried as to the extent of the collapse."
It went from 8 cents to 2 cents in 2 days. The evidence to me points to the SEC 144 rule change as the culprit. NOthing to do with news regarding the company. The other thing is that convertible holders get a 100% gain on investment NO MATTER WHAT THE PRICE IS UPON SELLING. That's why the price collapse to me is a technical issue that NEWS will be able to rectify--especially if it is signicant news..
"Another thought... with the Walgreens deal supposedly around the corner, and hopefully several other retailers considering this, would you not think that the insiders would be spreading the word to their family and friends to buy buy buy?? That alone should have supported the PPS... no?"
No, not necessarily at all. Some people are buying but after such a collapse plenty of people that bought on the rise prior to the collapse likely are selling to the new buyers not to mention any continuing convertibles at a lower level. What dollar amount would you expect their family and friends to be willing to invest at this point that they haven't already, and in this kind of awful market in which few people have disposable cash?
"And I do not like fluff either, but a reassuring "Our business plan is in place, we have MANY potential deals in the works, we should be able to get on top of the financing issues, and we are excited about the future" would be nice..."
I don't consider a PR reassuring investors that the market they are in is poised for future growth by a credible research firm to be fluff, but we can agree to view this differently. I would like to see more info too in PR's as most such info comes from other sources..at the same time "potential deals" might be seen as fluff too.
"basically we have had almost silence since the collapse, and that is NOT a good thing."
It's hard, but didn't we get some reassurance from the CEO on agoracom? I can't recall at the moment..
ted
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