GREY:CRIUF - Post by User
Comment by
deisman03on Aug 12, 2018 5:58pm
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Post# 28447144
RE:RE:RE:RE:RE:RE:RE:RE:encouraging signal ????
RE:RE:RE:RE:RE:RE:RE:RE:encouraging signal ???? They didn't start their selling until their positions value was larger than they allowed in their business model guidelines.
Shortly after the fickle finger spike to $11+ the quarterly reports started mentioning the new model Crius was attempting and they admitted the failing SOLAR endeavor.
Solar really isn't that big an issue but it was a constant loser before they bought it and that made managment look bad.
That's when the shorts smelled blood in the water. The legal issues and later obligations didn't help by producing a perceived short term fiscal imbalance.
Along came the ANALysts at Seeking Alph who realeased a very negative report on Crius.
Lots of other little things but the SA article was the straw that broke the Camel's back and led to an investor revolt that led to the CEO resigning and a JCP/investor rep being placed on the BOD.
Then of course there was the very suspicious million dollar "investment" that was sent offshore.
Still, they seem to have overcome the issues and may just weather this short storm.
GLTA the good folks here.