Autobytel Inc. (ABTL)

[confusedtrader]

The R/S is a big overhang, I feel. Revenue growth has been anemic. Around 16m. Post R/S, one bad qtr is all that is needed to start a new selloff/downtrend. We had a revenue drop because of Japan/Thailand and the stock stumbled but atleast it was stable around 70 cents.

They aim to do a 1 for 4 R/S. At this stage, I am not sure if new funds will be attracted simply because the stock is above 1$.

The micrcocap mkt is pretty much dead since August of last year. ABTL is a prime example. No one seems to care. 4 firms had it as a buy until April and yet the stock had difficulty staying in 90cents.
Unbelievable times in small cap, I think.