RE:<<Greg, what are you going to do with your 10K shares you bought at
1 3/4 if we open at 1 3/4? What if we open at .25? Point being, nobody knows anything. I'm sure Greg won't do anything without more information. How much will he believe of what he reads though, and what good is talking to the lying bastards in management?>>
First, Steven, let me say that it was 1K shares. I treated it like an option. And, as I stated, I wasn't buying ANY stock for clients until the outlook was more visible. Second, if we open at 1 3/4 I would be very, very, very happy. That would mean that some clear, logical steps were being taken to improve the problems that have plagued this company for the past 6 months. Third, if it opens at 1 3/4 with NO logical reasoning, I'd sell. But that isn't going to happen. But, consider this... ALTS may reopen as a pink sheet stock, which would ultimately lead me to sell any shares I'm holding for clients.
As for how much I believe at this point.... well, you said it for me. But, ponder this for a second... any announcements by a company as far under the microscope as this company is at this time will most likely be accurate.
Oh, and the one thing I haven't seen anyone mention regarding all of the class action suits is how these suits make it increasingly easier to file for bankrupcy protection. I LOATHE ATTORNEYS!!!
regards,
greg |
