You stated, "I Haven't owned my own business, but I do analyze them for a living (not sub penny typically, this one was a mistake on my own accord). That said, there is something significant I would take into account here and look at negatively, that's a company being run by trial and error principles at shareholder expense. In this case, he has no clue what to do to improve fundamentals and is floundering, hence the advisors, good call on that part."
Let me think for a moment: you've never owned your own business but you analyze them for a living...and this qualifies you to pass judgment on Mr. Schadel? Excuse me if this presents huge credibility issues for me.
He has already stated quite publicly, more than once, that the toxic debt was a mistake. He is now persistently - step by step, day by day, week by week - working to rectify that. He has a ton of experience in this economic sector, as do the two Superstars he managed to convince to join him, although you state he "has no clue what to do to improve fundamentals." Amazing, those two very senior and respected business leaders must have really been duped.
Just how short this stock are you...or how low do you want it to go before you take a position?
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