if you cant even admit you invested in a dog, then you are going to lose a lot of money. this company is poorly run, borderline fraudulent. Actually, not even borderline, most likely fraudulent, yet you all thinks this is just "down-ramping"... friggin hilarious
No buddy, the reason why the SP is at all time low because:
- this is a company started by 2 guys who wanted to have a good time and be trendy
- IPOed at a price level that is borderline criminal/insanity;
- overpriced acquisitions with parties that has vested interests;
- management briefed selected group of investors 1 day before a profit downgrade.
- your CEO went awol (literally) and that somehow caused a $20m renegade in revenue???!!! wtf??
- 2 profit downgrades in 3 months or whatever turning a profit into a loss for the year
- Potential class action against the company
Did I miss anything else? Just pray to whatever god you pray to that the new CEO, will be able to turn this dog around. He's your only hope.
SRF Price at posting:
18.5¢ Sentiment: Hold Disclosure: Not Held