CrashingDown 6.5% today and 11% within a week. All this despite crude being over $67.
Let’s see if the conference call can make a difference. If anything, it will probably sink further. They will just repeat everything they said in their release, add nothing new, and then open the call to questions. We’ll get a couple question, one which will inevitably ask about the vote count for Cation, to which they will say that all the votes aren’t counted and the numbers will be in tomorrow.
Then they will hang up and go back to their fancy offices, planning on how to screw the shareholders even more.
This is what happens when you have an executive team that owns no material amount of stock. They just want to line their pockets.