Pleasantly Surprised By The Price MovementGiven the bad news and the all red on stock markets, I'm very pleased with the price movement.
There will be a significant cas burn this quarter based on paying severances to 500 employees, cancelling leases which won't be cheap plus all the other "organizational changes" meaning more layoffs and payouts this quarter.
Eventhough Bruce made me a lot of money, you can now see clearly why he had to go. If he was still in charge, this company would be out of cash within a year and with much more capacity then they needed. CEO Klein is doing what's necessary to keep this company moving in the right direction here and globally.
Have not sold any shares and know that by end of this year, we will be one of the few companys standing and on the road to profitability. GLTA