I am not too sure that institutions have too much of an inside running with this. SKE are currently undergoing a strategic review as announced. my bet is that they will come out at the end of the review, replace the outgoing md and then put their hand out for more new money, because the new md can do the right thing politically and say " things are worse than i thought and i need new money to clean it up". meanwhile the insto has taken a 10.5% blocking stake in case there is a predator hedge fund looking to dredge the bottom of the market. My opinion only but i dont think we are over all the bad news yet
Have held stock in the past and am watching for new lows
DYOR
SKE Price at posting:
$1.18 Sentiment: Sell Disclosure: Not Held
