Very sad to see thisI have long been out of this stock but have kept it on my watchlist as I hoped it would amount to something. I was buying this close to $2.00 several years ago ($16.00 split adjusted price today) and took a ride all the way down to 0.01 with it. Lost a good chunk of change. Even called Leslie Auld (former CFO) on the day it hit 0.01 to see if they were closing the doors and declaring bankruptcy. She had no clue the share price had come that close to going to $0.. Company was called Genenews back then.
I bought the hype the last time this ran to 1.60 and had a nice gain at that price with a 0.90 or so cost basis. They had analyst coverage and everything looked good but I always had that nagging feeling that they might disappoint with an earnings call. They sure did. Sold out at 1.10 and lost most of my profits. Oh well. I did not see red this time!!
I am astounded at how they can continue to secure financing with this kind of sharehloder value destruction. This sell off has to be someone big selling out who bought a PP at much higher prices and has just said fack it and will sell for pennies on the dolalr now.
JHT does not deserve his salary and should resign. This guy probably lives a very cushy life off the backs of shareholders and financers and has delivered nothing. Very very sad company.