It all doesn't matter, at this price, Market valuation of this non profitable company is still way too high. I don't believe Mr Lenfest made a mistake, he knows exactly what he's doing, his shares were at .35 presplit, now at .05 presplit, a nice tax writeoff. And much easier to sell the company at this price vs what it was at the split. Until they show a profit.......another discussion no one wants to have.
On another note, there are those in the penny world who will hang on to a company for dear life not ever wanting to admit they made a mistake, holding on to the dream of riches. I mean 15 years of wishful thinking may borderline on obsessive compulsive??
You still see at this price no insider buys. They don't even exercise their stock options. Should tell you something. Have a great week all.
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