Executive Compensation These greedy f-cks write down $3 billion,
which is essentially a loss,
watch the stock tank 90% 12 months,
have declining revenue of only $54 million ( APHA had $149 million for the quarter) for the quarter,
tell shareholders that earnings will be soft next quarter----likely equal to or less than $54 million,
must carry out a reverse split to remain on the NYSE.
And so ACB now trades for .55 cents---if we reverse the split.......
and we still have a falling knife----stock price showing lower lows and lower high price every month...
And then they do high fives and give themselves millions in executive compensation!!!!
Crony Capitalism. These rich fuucers get richer, and the shareholder becomes poorer.
I sold at $$7.50---pre-reverse split, and would never buy shares at the current price.
Management is bailing ship, hailinf off what remains of the ship wreck.
Bad news should tank the stock below the current support of $6.04
and psychological $6.00 on Monday....
But WTF do I know----shorters and day traders and bots are noving the share price up .50 cents, then down to near the current bottom---$6.09!!