How have your shares fared since the last RS?
Date Open High Low Close Volume Adj Close*
Jul 26, 2006 1.50 2.08 1.21 2.00 171,000 2.00
Jul 26, 2007 1.99 2.01 1.98 2.01 107,600 2.01
Jul 25, 2008 0.80 0.80 0.70 0.70 111,600 0.70
Jul 24, 2009 0.86 0.88 0.84 0.87 194,300 0.87
Jul 26, 2010 3.23 3.30 3.21 3.29 282,600 3.29
Jul 26, 2011 2.43 2.43 2.36 2.42 296,300 2.42
Jul 26, 2012 0.65 0.65 0.63 0.65 106,200 0.65
Apr 26, 2013 0.49 0.49 0.46 0.47 561,800 0.47
essential 5.53 underwater before the first RS and 1.53 under post RS shares.
One can argue this is the failure of the market to engage that has caused this erosion in shareprice.
There has to be a market engaging in this space for new money to take a stand in this equity.
SKS and co. have a track record, a history so many wavoids want buried that it makes new money wary from entering for the long haul. New money does come in when revenue driven or perceived revenue driven news is announced. This new money doesn't have the attachment to this company as the wavoids and leaves without follow through.
The statements from the company have a history and this history makes this company ripe to have it's shares damaged in the markets, because there is a pattern. The same pattern of a chart which is history.
