Hi Bo,,I was of the understanding that GUMM was a great short candidate..(not to mention a spam candidate<g>)
"William Hemelt, Gum Tech's Chief Financial Officer, stated, ``Gum Tech gum sales declined for the quarter, which was expected" From the filing it appears sales are drying up..only $1.8mm in sales for Q3.
I'm not much of a TA expert,but GUMM's chart looks very weak.
xocharts.com
Why have no insiders purchased shares? Exercise options and dump the shares appears to be the perferred investment style of management.
biz.yahoo.com
Why do you feel this is a sound investment? Just because of the short position?..TIA. I'm thinking a price of 10 will be seen sooner, than latter..JMHO though.
PS: I see your an investment advisor, so I'm sure you're familiar with the term. floorless, death spiral,preferred stock? Have you read the company S3 filings?
"SERIES A PREFERRED STOCK
We have authorized, issued, and outstanding 1,200 shares of our Series A
Preferred Stock. These shares have no par value per share and are automatically
convertible on June 2, 2001 into common stock at a conversion price equal to 80%
of the average trading price of the common stock during the 20 trading days
prior to the maturity date. "
That my friend is a floorless placement
10kwizard.com |
