Today's A Dark Day For Atlas Salt - Now A Penny Stock Due to Atlas Salt's lack of diligence in maximizing shareholder value, their stock which was a marvel just eight months ago is now officially a "Penny Stock".
I think that now is a time for a major management shakeup to ensure that shareholder investment is protected from further harm.
When a company's stock goes down from $4.40 a share just eight months ago to less than $1.00 a share, a decline of more than 75%, you know that something is wrong.
Shame on the Atlas Salt management and executives for allowing stock to plunge to "Penny Stock" status.