Bernard,
Many thanks to you. You're a mensch.
The primary lesson for me is that one shouldn't under estimate that a small publicly traded business owner will yearn to go private.
Taking two similarly situated companies, one public and one private, the private company is much more profitable and rewarding to own primarily because you don't have the overhead and time sucking rules and regulations ... oh, or pesky shareholders, either.
The filings and PR in the middle 2016 painted a rosy picture of a family owned, fully reporting and current company recording million dollar months and record revs into October '16.
There was no real warning of impending doom ... the company seemed to failed because management wanted it to.
I'm small time but I'm a trader. I would probably buy this company again but I will be wary of ones that look super squeaky clean. This one was a little too squeaky clean and a little too small to last.
Problems with shipments from China are another issue shareholders didn't see coming, we thought Kyle was doing his job correctly. But that is becoming a common problem for small companies.
My best to you.
HM
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