Good catch. This is the part that should be further disturbing:
"...may not justify the increased expense given Alloy's current level of operations"
Anybody who thinks their current level of operations are fine and dandy is smoking something. Didn't they just hire a new CFO? What kind of stench did he find? This is smelling like EGMI.
Remember just recently...
"The company is reviewing the issue of shareholder communication broadly, and plans changes to increase communications in the future, including a revamp of the company’s website within the next few months." "The company does care about the share price and is disappointed to see it so low."