Feb. 13 at 8:02 PM
$OM This is a typical dump of this stock, as there doesn't seem to be any bottom in sight. To Leslie and management, they do not have any interest in the share price or the shareholders. If you look at any press release or conference calls, there is absolutely no mention of shareholders or enhancement of shareholder value. The only time when they will care is maybe during shareholder meeting annually, when they want more compensation for the destruction of the company and share price. I know a lot of you on this board say that this is a turnaround story with a robust future. At this point, nobody cares about good fundamentals or cheap valuation if the share price keeps dropping below
$3,
$2, and eventually
$1, which will force a reverse split again. It's quite obvious that the market has zero confidence in future of this company and management, especially when insiders keep dumping shares even at depressed prices.
