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Monday, April 29, 2013 4:31:53 PM
BTHR investors bought stock in order to have a chance to see it appreciate; some even believed the public press releases, ie The Investment Banking release and the KFC/Taco Bell/ LJS release; the sad reality is that those "deals" were never realistic, meaning they were never going to come to fruition, alleviating any chance investors may have had. In addition, the massive dilution (6 million share float to over 2 Billion share float in less than 12 months) was fully premeditated, again alleviating any slim chance investors may have had with BTHR. The failure of Bobby V's is also a direct result of CEO Whitman's impotency as an executive.
Let's see CEO Whitman wiggle his way out of a bona fide complaint; chances are the penalties he's facing will be more severe than they were for his forgery in bankruptcy court.
Bring on the 1:1000 reverse split.
Nice day here~
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