Glad to see someone out there. We must be two of the three investors left in this stock.[g]
In the meantime what I have found out, the only thing I have found out, is that the CEO and another officer filed to sell 320,000 shares date of Feb 15. That is such a small number and besides after all the IPO's, the companies officers do that after six months or so, so I don't think it means a whole lot long term. It actually shouldn't be tanking the stock this much short term either, so this is still a mystery to me.
I heard a rumour that they were doing a secondary, but emailed IR which said no, they already had one. According to Yahoo their float is a small 4.5 million shares, so a sale of only 320,000 would have more impact than some other companies, being close to 10% of the float. If that is the reason, then I am glad because that should be very short lived, it could pop up again any day.
If you hear of anything else please let the PXCM "crowd" here know.[g]
Michaele |
