RE: RE: Managements CommunicationWhen something significant occurs that may have a significant impact (both positive and negative) on the value of the corporation, publicly traded companies have an obligation to report to their shareholders. From that, you can conclude that nothing significant has occurred that Fortune can disclose publicly.
Issuing press releases to report nothing significant to shareholders with the sole purpose of increasing the share price demonstrates a lack of ethics and credibility, and I personally would rather not own shares in a company that employs those undesirable tactics. Similarly, an ethical, long term thinking and acting company would rather not have shareholders that are wanting and encouraging regular press releases so they can simply 'pump' up the short term value of their shares.
You can trust that the CEO has a significant stake in Fortune and eagerly wants the share price to go up. He is likely well aware that to best accomplish this is by creating and exposing value for all shareholders over the long term versus issuing press releases before the weekend which only attracts transient/trading shareholders and creates negative long term value.
April 26, 2010 closing share price was
.80. Today we are about double that.