Hey Low, long time no see. Hope life is treating ya well. I think his point in bringing up that awful day (yes, I've been in SHAR/COHO for waayyyyy tooo long, but I was at an appointment that day and couldn't do anything but watch the results after it happened)...anyway, I think his point was it wasn't just a wall or resistance, it was a point about the character of Dan.
There's still nothing known for absolute certainty except that millions of shares were sold - according to Dan they were sold without his knowledge, "illegally" by an affiliate that was hired to do PR, blah, blah, blah, blah, blah.
And then Dan went on a "rant" about how pissed he was, how he was going to make them pay, how he was pursuing legal action, this that and the other, how the evil "affiliate" was being forced to buy them back. Did he/she? Who knows. Doesn't much matter...it had the same effect as massively shorting the stock. Millions of shares dumped illegally and even if they were bought back, it was at a MUCH, MUCH lower PPS. And clearly, the PPS has never even started to recover.
So the point of all this? The general feeling by a lot of bagholders was that Dan is a lying POS that played ignorant but either knew what was going to happen ahead of time, or even went so far as to orchestrate it.
I don't read this board anymore normally...because the one day I wasn't watching the market due to appointments this has become one of my worst stocks. Someday it will be handy when I need the losses for taxes, and I take responsibility for not having a better exit strategy. However, anyone who thinks Dan is a good CEO would be well served to read through posts from that time period and make their own assessment. Not saying he's bad, not saying he's good. Just saying some real shady chit went down and it warrants review while forming an opinion of the CEO (all just my opinion, of course.)
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