Post by
sergio2go on Jun 18, 2024 10:25am
What's next...
At this point, the news ceo's should at least give investors some fondemental guidelines until there is a new ceo. In other words, they shoud stop the bleeding instead of showing no state of emergency...
Comment by
BlueJay2020 on Jun 18, 2024 11:18am
That's definitely needed, but they need to be given a bit of time to figure out where things are at and what the priorities are in the short-term. We are getting close to my suggested 10c floor. The stock is in the hands of day traders and penny flippers now.
Comment by
BlueJay2020 on Jun 19, 2024 11:44am
I think what would be significant is some major insider buying at these levels. We are getting close to a binary outcome here - either the shares are worthless or they are a 4-5 bagger minimum. If insiders don't think the former to be the case, they'd be fools not to fill their boots because of the latter.
Comment by
Cuzvin on Jun 20, 2024 8:20am
With quarterly earnings due in a couple of weeks, they are currently in a blackout period and cannot buy shares.
Comment by
mnztr on Jun 19, 2024 8:21pm
I have no expectation of NADA from this pig TBH, its lost money, Gone, every 10 years or so one one bites the dust totaly. Its possible the writers strike could be at the heart of this decline, after all they are a content producer. If that is at the heart of it, the results turnaround is stilll 12-18m out as the content is only being created now and in the past 3-4m.