I have been very critical of EEE's management and I think with good reason. However, today I will offer a word of advice that could change my thinking about their competence. Specifically, the company should call off this reverse split nonsense and allow the shares to be delisted. By reversing the stock management will play right into the hands of shorts who have had a field day with this stock as long as I have owned it. After the reverse shorts will once again be aggressive and will be the only ones to make money. The theory for staying on NYSE Arca is completely bogus and stupid. If Stoner is serious about saving the company he should also get rid of all the dead wood that helped bring about the current disastrous state of affairs. Trying to be constructive here since I would like to recoup some of my losses, but by reversing the stock price management will assure that I have no chance of that.
I'm wondering if the local Denver media will be covering EEE's annual meeting next week? Indeed, where has The Denver Post been on this story. Since Stoner took the reigns of this company the stock price has gone from approximately $1.00 t0 $0.07. Seems like there's a story in that record of failure.
Well for those of you who are long it was a great week with the market posting its best performance in a year. A word of caution though, the volume was very light and I don't think there was much conviction in the move. Next week second quarter earnings begin to roll in and that will be the major determinant of how stocks trade. Have a great weekend everybody!!!
On a personal note I would like to thank all those who made the past week the highest page view week in the history of Barrow Bits. I will continue to call them as I see them and hope you continue to log on!!
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