Jul. 10 at 4:31 PM
$SUP It is only 9 cent because all options and warrants are fully vested, increasing the share count 17%.
There is an opportunity for shareholders to sue. The CEO slipped on the conference call and said the loss of the contracts was known the beginning of April. Then, on 4/3 an executive compensation plan was filed with ~1.4M shares. The company clearly withheld material information. (The loss of 60% of N Amer sales.)
The executive compensation plan should be null and void. The management should be terminated with cause and options cancelled. Shareholders should seek compensation for illegal actions and recover a little more. But, you were warned there was no value here for commons.