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I think that people who got settlement shares (banks and vendors) want cash and sell those shares. Price will stay low for a while. But then, the selling pressure will ease and stock will be able to rise.
I had the time to read the quarterly report. It is NOT as catastrophic as it looks from the headings. They paid off some loans, and that cut into costs. I guess there is still hope for something green next fiscal year.
Thanks. I am of course speculating. I invested in Harn Len. Had similar problems. But suddenly, with family owners withdrawing - price went up 100%. I hope for similar. Here the catalist would be credit facility, I guess.
This is a rea DOG of a stock counter. It has been disappointing investors for years. They cannot even get their announcements right (recalling one on Friday) Guys, show some care !
