In comparison to those like yourself who were saying that its a buy at $2.56? If you had listened you would have saved yourself 40% of your capital invested.
Seriously they have disclosed that they are going to have a negative $59million hit to their profit this year and have burnt thru most of their cash. Further they still have some terrible investments on the books that are going to be looking at more serious right downs - Shoes of Prey is at least one of them.
The negative adjustment is greater than the total profits they have achieved since they have listed - let me repeat that, this will be GREATER than the total profit they have reported since they listed AND there is more to come.
So essentially they have never made a profit since they listed, its all been smoke and mirrors.
What all of us negative people towards this stock are say, invest / hold with caution, as there is even more bad news coming.
In comparison to those like yourself who were saying that its a...
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