Autobytel Inc. (ABTL)

[stockdoc68]

It looks like we won't get past .78 today. There's a big block of 142,000 going for .78, and with the volume that we have, that's blocking just about all the other ask prices.

If we only knew what was happening behind the scenes.... Buyout? We'll know soon enough if a PR comes out asking shareholders to vote for someone new to be elected to the BOD. Hostile takeover?

As far as that reverse split, I really hope that's been priced in. The problem, is that a lot of stock holders don't bother keeping up with the news, and it might come as a big surprise. ABTL went through delisting before and came out of it with no problems. Coats is jumping the gun, and it's probably going to cost him big time. Of course, what does he care. He'll probably just move again and collect another $200,000. (Sorry, I just can't let go of that)

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