Hope everyone survived this day as well as possible and best of luck to all moving forward with all investments...but:
Are you kidding me right now? This quite a post. One that, if true, should have ALL shareholders in this company up in arms. What? Now this CEO has turned out to be a clown and is manipulating his own stock? Before reading this post, I actually felt bad for the company for having their common wiped out by 58% in one session! The entire uptrend from late Feb until now, wiped out in one session. And you're trying to tell me that this guy set this up to to foil daytrading? You're saying he threw his most loyal and longest-holding shareholders under the bus just to foil traders? That's pretty explosive right there, my friend.
Well let's see. First, I can only half believe in this. I don't want to believe it at all. But in the way you've laid it out, part of me can't look away...just like watching the proverbial train wreck. And what's worse, I still have Recognizer's comment in my head from yesterday, when he called the company late in the day to see if the Q was being released, and he was basically chastized and told to get a life (or to that effect). Most likely he was talking to the CEO himself, since the man said "it's on my desk." And sadly, his comment yesterday, jives completely with the opinion of the poster here. Whoa.
Well, I'll tell you what. "IF" he did do this intentionally. "IF" he did HOLD BACK REVENUE numbers (such as the INDIA DEAL) and any percentage of realized consumer order revenue, he just went down the WRONG ROAD. All he did today was create an even more lucrative environment for TRADERS and FLIPPING...and that's what he's going to get now in spades. "IF" he did yesterday what this poster is insinuating, there will be backlash. And I will join in now. He hasn't seen flipping yet, but it's coming...if he has indeed sacrificed his most loyal shareholders for a blood bath like today. this cleanses nothing. All today did was empower everything he OSTENSIBLY thinks he was "rooting out." Now there will be MORE traders, MORE flippers, MORE downside players. PERIOD. "IF" he did this intentionally, he just ruined a great looking chart that was building to benefit his SHAREHOLDERS. So what if traders trade. That's part of this game and has been for along time. In the end..HIS JOB is to deliver RESULTS for his shareholders, which in turn drives off shorts, forces traders to second guess their strategies, et al. ALL that just by him DELIVERING the best looking Q he possibly can. Not the WORST? What?
As said, I find this half incredulous. But part of me feels like it could have merit, esp considering the comment he made to Recognizer yesterday. No call for that. But if this clown has such a hard on about traders, then I could believe he would do it. Trouble is, all then he's done is fan the wrong flames. Certainly IF SO, he's pissed me off to the max and now all I will do is trade the sh*t out of his stock, as I'm sure others will also. If he set out to make enemies, he has succeeded. The part that is sticking in my craw, is that the revenue count was so low and the legalese that this poster cut out, could easily enable this clown to maliciously hold back actual realized revenues in Q1 on those technicalities. I mean think about it. Only ~1100 orders reported in 3mo? No India numbers in there?? It makes little sense considering all the airtime and of a product that consumers can really use. One other poster here yesterday accurately said, that's almost just what this BOARD purchased! What about the rest of it?
I will reserve my judgment on this until I hear from other posters on this board and your opinions. Esp, I would request a follow-up post from the author of this original post (GIL). Please tell me everyone, that this in no way can be true. Because if it is, this CEO has just started a war with me and every trader I know who I can tell about it. So please. Calm me down and make me believe it ain't so...ty and gl
AI
