big gamble for him to be a non reporting 5% owner with the past trouble he is in. unless he is keeping the shares in trusts/offshore and still trying to direct the action.
from what i read, and take it for what it is worth, there was a clean and definitive separation with the new owners. few would know if that was incorrect and i understand your concerns about that type of person. i follow several companies where one player continues wreaking havoc and swindling investors and post similar sentiments as you. i dont have much invested in this and bought before the movie release and then after the initial drop. when there was no follow up after that and no response to the emails, web questions, and a call - i wasnt going to take a large position until i had some questions answered.
as you do, i believe the next two quarters are key. either they rebound and continue the trend from last year or they will become insignificant after 3Q13 results.
on the positive side - if you are running a shell to churn stock - you do not spend the money on advertising, marketing, and excess licensing that they are doing. that is a lot of cash that you could be paying yourself. i have also not seen any significant change in shares for insiders which is also positive. it could simply be these guys are naive to WS or are overly confident and realize (or truly believe) the tanking stock is a short term issue. if they know they are going to have a blow out second quarter (and/or third) - there is no reason to sound the alarm bells.
however, if they are going to have a blowout 2nd quarter - they should be perannouncing. even if the results "rectify" the stock price in the short term - it will still not provide long term, dedicated investors any security and keep the stock in weak hands instead of long termers thus dramatically increasing the volatility and making it a haven for shorts until they get closer to producing positive earnings.
AI
