RE:RE:ALA to withdraw IPO and sell assets privatelyElaborating some: not having a clue how this would be received in the market was utterly witless. (Tangent: what does that say about their financial advissors? Or cannot they be EXPECTED to be good at "nuance".) It is yet another example of a management who cannot see beyond the technical particulars of what they are doing. Like they are lost in some video game, unaware of the real world.
But if they backed up now, I think the mk reaction would be vicious. They need to figure out how to make the best of this situation. The fundamentals of this IPO are good. Yes that isnt what people want now, but hard can it be to put the best face on it?
And NOT their
"We have everything under control, theis IS the greatest thing since sliced bread..." commonsense9 wrote: I'm going to disagree. I think it might fuel the flames.
But for sure, doing nothiing is more stupid after previous stupid.
igstar wrote: that would be the turnaround ticket