The winners are out proud to have lost fortunesGUD, traded at $10.50 nine Years ago and had nearly one billion in cash. Now most of the cash is invested and gone to LATAM and no profits to be seen in the horizon. Sales means nothing when they are generated below cost. The market is punishing MNGT who can no longer continue the buy back above $5 as cash is running low. MNGT made a horrible decision to buy back shares at an overpriced cost of over $5. The did the same in LATAM overpaid and no profits. Now at last short sellers are feasting on GUD while mugsy and cronies’ aliases are deep in the red and no one to save them.
GUD AT BEST IS WORTH LESS THAN $2 just a matter of time when MNGT and BOD will move on in pride of their accomplishments