RE: Urg.. this doesn't sound good to me...Laying off workers doesn't seem like good news to me.
It also pisses me off the the PR was released during trading hours. Folks like me at work might not get this information in time to make a decision to add or lesson to my position untill the next day... W/o this PR, I beleive the SP would have continued it's up trend as it has been in the past couple of days.
I really like this company on paper, I did make a post about it a while back about my reasoning to invest in it. I was unaffected by the dramatic SP drop to 0.46 as I beleived in the company but i really do wonder why the FFFF did they release such a press release during such a nice up trend.. They also mentioned weather patterns as to the reasoning as to the lay offs... what hte hell does that mean?
I question the company's competence as to the ressoning of realeasing such PR during an up trend. Investors can take the layoff' news either way and with the current times with such panic like mind set I think it was bad judgement to release PR about layoffs... People who bought in at the bottom we just experienced are going take their profits and run. Why stay vested in a company that mentioned layoffs, and not much more? The word layoff is dangerous... They will sell out at a profit and drop the SP even more.
Anyways, lets say it really is good news in the long run and it means good things in the future...I beleive only teh hardcore DD investors are going to hold... But there will be more than enough investors spooked. I don't think any DD investors have the spare cash to accept those asks..
I feel a roller coaster coming.
Of course i hope i'm wrong.
BTW I've decided to stay invested with my previous logic. SP is trading below WC and i"m 0.285% owner LOL.
OF course everything all JIMHO and the above contains a little bit of a raant..
TY and NIGHT!