Let me tell you a few things, if I may. The only "big players" in this stock, that have had any sustained influence in the price, have been the seller(s) that have been around since September or October of last year.
I truly believe that Alanco could succeed, but they need a lot of help at the top of the company. Ed Maley is a very talented salesman, a decent human being,and has done a wonderful job with WalMart. He is not, a visionary, and he is not sophisticated enough in the ways of Wall Street, or in his understanding of financial accounting, to turn this ship around.
Maley's greatest asset is that he is light years better than Schlegel, whom he replaced, a man with no intelligence, integrety, or financial sophistication what-so-ever, and a self serving egotist to boot.
But, having said all of this, Alanco has no "big" and/or powerful players, and whomever is giving you your information is, and has been, blowing smoke up your ass.
In my opinion, Peepers and Jones, the Reg S "bandits" that raped this company, along with Meyers and his wife with the sale to Alanco of a worthless insurance company, all received millions of discounted shares, in their past lives, with the result of ripping this company and its shareholders off. They may (undoubtedly do?) still own some (a boat load?) of these discounted shares. Spencer,Edwards, the representative broker of these shares in the past, has been, coincidentally (or not, if you do not believe in coincidence), the seller of shares at, originally, $1.00 per share, and more recently (the last two months), $3/4 per share. And we're talking millions of shares.
So, if you were Alanco, and you were gonna get delisted if you were trading below $1 per share in a few weeks, and you could do a reverse split to avoid such an event, you bet your ass you'd do a reverse split.
Quit listening to your idiot-stick sources and use your brain. If the fundamentals of this company warrant it, the stock will trade up. Unfortunately, there are problems with management sophistication, and the legacy of 'past sins.' Delisting becomes an ever more frightening reality.
IMO, the company needs to keep its current management team, but Ed Maley needs to realize that he is not the right guy to be CEO. His talents are considerable, but they are not appropriate for the role he currently has, and currently 'lusts' after.
And for the naive individual that thinks "low volume" is a good thing, duh! The trading in this stock needs gigantically high volume to take out all of the stock still in the hands of those that own it as a result of all of the fraudulant and bogus deals, going back to 1980, that the criminal element, formally infesting this stock, still control.
My disclamer to all, is that this is entirely my opinion. Opinions, opinions, opinions.
This is a company with some interesting potential, also in my opinion, but it needs help, and that help is not being sought, unfortunately.
Finally, there are an enormous number of well-meaning, but naive investors, including Harbinger, in this stock that need to re-assess the needs of this company, and need to take their egos and check them at the proverbial door. Alanco is still in a percarious situation, and the rose colored sun glasses approach to the situation by management and investors, will not change the situation for the better.
See Ya. |
