RE:RE:UP after hoursEveryone is free to read it how they want, but I have run through numerous scenarios and I can't find any reasoning for chasing PE for a cash influx, other than they are desperate for cash. They were looking for an outright buyer and there couldn't have been any interest, so they are now searching for someone to pump in some money. If there was no problem with the guidance, they could have made interest payments for the next 2 years provided they weren't misleading the market. If this last ditch attempt fails to bring in an investment, people had better hope they meet their numbers. The amount of money they would need to raise in relation to the current market cap to significantly reduce the debt is mind boggling.
Marky1 wrote: Thank you Stockquote....I also noted that 47% of the stock volume was shorted today..Kinda unnerving don't you think?