Lloyd,
I talked to my broker who checked and said that there was one trade at 11/16 of 190,000 shares, and another at 21/32 of 430,000 shares. These are negotiated trades between large holders and traders on the floor, and have a negotiated price, done kind of behind the scenes. In that respect, I don't think it means much since they weren't open market purchases.
As for the earnings, Terence Leong said that late on friday the independant accounting firm called and said that they needed to take a loss on the facility this last quarter, so they had to scramble to change the 10-Q to make their SEC filing deadline. They obviously were not intending to take that loss this quarter, which I think was consistent with the conference call sentiment.
In addition, the CFO did say "We are just about done with the write-offs", which is not the same as COMPLETELY done. I wondered about that at the time, and I guess this is what he was refering to. I want to hear him say COMPLETELY this next time, assuming the worst! The next time should be in a week or so, according to Terence. Also they plan on making a news release, of really good news, on Wednesday or so.
To see all the 10-Q numbers, search for iatros on EDGAR at sec.gov, or look at news on YAHOO.
Later. |
