Post by
bankerboy28 on Jan 19, 2014 2:40pm
Insiders must be
surprised big time....insiders bought over the last 4 months approximately 5.250,000 shares on the open market between prices as low as 44 cents and high as 57 cents.....now its at 20.5 cents....I think they are surprised by the over reaction because as insiders they must have know what the company results were going to be trending at...I do not think that they are that inept that they would buy over 5 million shares with their own money if they thought or knew the results would have had such a significant downside reaction...obviously any takeover offer would have to be at minimum in the 50-60 range and thats quite a positive run from current price.....BB28
Comment by
pennytrading on Jan 19, 2014 4:21pm
Tell me what is so bad in the news release ?? Yes, they produce less than expected, but not to justify a drop of 50% in the share price. There was an overreaction and panic. Wait a bit, and the stock price will recover by at leadt 50%. I just bough more share at 0,21$
Comment by
londry on Jan 19, 2014 8:16pm
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Comment by
londry on Jan 19, 2014 8:36pm
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