It back to $3.00 ie 30 cents!!
Sad because the stock was over 70 cents/$7.00 when PALA took effective control !!
Clearly PALA and its group of struggling young people have clearly demonstrated that they are learning that the retail market can only be conned for so long!
I reflect back on what I learned at grad school in 1969 that there is a big unquantifiable factor that is part of stock price which at the point the Phd candidate called "expectation"
This factor is frequently referred to as "Goodwill" and in the case of PALA /NCU it is "NEGATIVE GOODWILL"
It is clear that a large majority of the retail market has been burned by the terrible results of NCU.
Some of this damage might not have happened if there was proper communication ie TRUTHFUL COMMUNICATION.
A large part of this problem is that the communication is very haphazard -there is no employee tasked with keeping the public advised and this ties in with the apparent attitude of VLAD LORICH who was raised in RUSSIA and clearly has a different view of the world of investing!
Possibly a poster who knows what retail market exists in Russia could comment!
It is difficult to see how PALA/NCU can recover any of its former goodwill = the retail market has been so decimated with the NCU stock price has gone from approximately 70 cents down to less than 5 cents!!! A total disaster.
Unfortunately the Russians are well known for their stubbornness = currently PUTIN is doing an excellent job of showing stubbornness with the result that tens of thousands of Russians and Ukrainians are dead!
Many of us hope/believe that NCU will turn around- however, it is very difficult to see any solution other than a sale of PALA's interest in NCU!?
We can continue to hope that VLAD LORICH will appear on the list of unwanted Russians enjoying the good life in the West. Given the support that the Olicraps have and continue to provide PUTIN
why not simply deport them back to the GOODLIFE in RUSSIA!?
Rock