The ship has hit an Iceberg. Be CALM!Folks,
whats the big surprise? A missed payment, big deal, it was expected.
Look at the trading pattern for today. Guys like me and you jumping ship. Of the 6 million or shares traded so far there have only been 8 trades of 100K or more and none over 250k. Of course some will say that the big guys jumped out long ago, I wont discount that.
But tell me what has fundamentally changed from last night to cause this to tank by 17% (unless of course you believe that this is going under --> then I would argue that you also thought that yesterday).
Having said all the above, its time for management to resing on masse. That would send a strong message to investors and hopefully someone else will be able to step in and do a proper job!