Y'know George,
There are really a number of separate yet interrelated issues here:
1. What is and/or is not transpiring with regard to the BB reactivation and why.
2. What is and/or is not happening with regard to sales volume, switch installations, additional distribution agreements, etc.
3. The shareholders' and the public's perception of the foregoing.
Clearly no one is going to bid DCI's price up to the sky if BB status is not restored, regardless of financial success, because such success on the surface would seem inconsistent with SEC suspension.
Similarly, management is going to be severely constrained, at best, in its ability to strike deals, attack the balance sheet, because such ability will be based upon DCI continuing as an ongoing entity, and SEC banishment to the pinks is not generally deemed to be a propitious event.
So, it comes down to whether or not one has faith in the ability of management to steer the firm through this crisis. IMO, one either bets or one folds, but there's no point in bitching about the hand.
OTOH, it may make sense to have an outsider verify that the game isn't rigged. Specifically, if the firm has recently retained a name accounting firm, perhaps an immediate audit and unqualified statement might be in order.
Just my $.02
Steve |
