Outstanding technical work. 100% correct and caught everything. Taking it a little farther, I questioned why the plunge Mar 28th.
Seems the Audit Committee's found approximately $4 mil in possible accounting mistakes due to so many aquisitions. This prompted the need to correct and restate 3Q's and a late 10k filing.
Bang everyone and their brother started filing legal suites and the NAZ jumped on with a delisting notice, because of late financials. (no biggy still has 6 months) But the stock fell from 3.20 to 1.90 on emotion!!!
When you research this some, you find $4 mil in possible restatements for a 400 mill company is squate. While fundamentals are not good, it does have 17% insider ownership (thats huge) and the CEO has a outstanding rep, with building new companies into huge takeover prospects.
IMO this one got kicked in the teeth, when it should have gotten spanked on the behind. Not saying it's a good company, only today could be the start of reality coming back from emotion. Well worth a strong watch for 1st resistance break and some gap fills. As retail looks past the prefect storm which hit them. After all this all begain because of internal findings announced. Not coverup and the numbers are small vs marketcap, way down @ $1.90 anyway.
Interesting out look IMO. On strong watch for a few days.
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