kp,
Of late, IB and company have done ZERO to instill confidence with investors. The drop of the last week is directly opposed to the "inflection point" that IB has been touting with a 25% uptick in revenues for the current qtr.
My guess is something has happened that we have not yet been informed of. Could be a number of things.
Any potential sale fell through
Yahoo appeal lost
Loss of a major client
Heavy dilutive financing
HIPP has a couple institutional investors. 1 with ties to the last PP sold a chunk last qtr and it would not surprise me if they continued to liquidate their position.
Its really too bad. This company has the component pieces to be a solid player in the industry all available in one package. Mgmt has proven to be very poor. They've provided investors with no real reasons why they should consider holding or buying the stock. One stupid mistake after another. I don't believe they are scamming anyone ... rather simply incompetent/incapable of taking this to the next level. Maybe that will change ..... my guess is the impetus being shareholders stepping up and forcing some issues to be brought to a head.
Amigo Mike
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