RE:Can someone explain what the hell has happened?Company has 200M existing revenue with 152M in debt. The debt was killing them. Stock used to trade at $30 5 years ago but bleeding since the hardward end was drying up. Looked like a good short. Data Centers is what these guys do so if they really have secured a good contract and do well, then get more, might be the saving grace. Too bad, was a good short, got burned bad..
stockhunter20001 wrote:
How did this stock drop to 75cents/share on bankruptcy warning on Tuesday and jump back again to $2 on a big order?
Having sales does not mean the company is making money, I am sure the order they won has razor sharp margins, what made investors to jump again on this stock?
Is there any future for this company?