InvestorsHub Logo
Followers 57
Posts 6151
Boards Moderated 0
Alias Born 04/23/2006

Re: cldbloodwrmwallet post# 7510

Friday, 06/01/2012 10:25:55 AM

Friday, June 01, 2012 10:25:55 AM

Post# of 8705
Everyone believes that the company was selling off shares to raise cash thus causing the stock price to tumble. As far as just what their future plans are, we'll have to wait for the company to update us on just what's going on with them. Since they announced on May 3rd that they were restructuring, they have been telling all shareholders who've contacted them that they have to wait 30 days for answers to their questions.Well the 30 days is up on Sunday so something should be coming out pretty soon. Just when they will issue something is really up to them, but to go through all the restructuring wouldn't make sense unless they have some sort of game plan. Sure it's risky buying a stock that's not had much buying interest lately because many investors who paid a lot higher have been burned, but there's always the possibility of a turnaround in these small companies. We'll probably know a lot more a week or two from now about what they're doing or attempting to do. At these levels there's not too much downside left. Florida

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.