with PE 0f 7.10 insurance stock should trade at 2.5 times the...

with PE 0f 7.10 insurance stock should trade at 2.5 times the current $0.46. It's the grab and run mentality of the people who are still at the helm and their recent behaviour hasn't been anything but shockingly self interest. The company is struggling to reinsure those they have on their books and the market has written off this stock as can be seen from the inaction in sp. An insurance stock that slides gradually from $0.91 to $0.70 in about 4 months without the management doing something about it and then plunges to $0.45 in one day for its management dumping millions of the escrow shares on the market and now 4 months has passed with the stock price not moving up even a $0.01. My $0.35 for this stock is still conservative. I am a technical analyst and what I see in the chart and the accompanying data I suspect shares of FIG are going to trade within a narrow 0.44- 0.47 cents for a long time before one of the major share holders get fed up with the management and dumps the stock to the listing price of way below $.35. Why bother with a bruised and battered stock with poor management when your money can work somewhere else with much better prospects?