GREY:GUYFF - Post by User
Comment by
Bookendson Dec 21, 2019 7:32pm
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Post# 30480520
RE:RE:RE:Huge dumping?
RE:RE:RE:Huge dumping?Hard to know for sure, but the SP did drop from 58-59c (where it was trading all day) to a close at 53c... So this is significant... the first 700k shares were really dumped to put pressure on the SP rather than an orderly liquidation.
I tend to agree with you... Insiders going out and buying in the low 50s was a sign that the next quarter might be encouraging as things first stabilize... I don't think they would have purchased if there wasn't any progress and the issues were still worsening.
The new CEO is really what was needed here! definitely a good sign, but it'll take some time.
Sheridan does have some control on the board, unfortunately... He's got 3 seats (I think), one of them being the temporary CEO he had selected... and he's been a huge distraction for the management for quite some time.