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Strategies & Market Trends : Value Investing
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To: Spekulatius who wrote (64698)8/26/2020 12:17:25 PM
From: Madharry  Read Replies (1) of 79126
 
losing a bundle on gtx this am. company released a befuddling note.. saying gosh leverage is too high , we are violating financial covenants so we may have to either convert debt to equity and or wipe out shareholders. of no update on status of their lawsuit against honeywell. ranting but always annoyed when company's release these negative announcements without shedding any new light, all it does is tank the stock and discourage any new buyers until they figure something out.whenever i see something like this i always suspect that they are doing this so they can reprice stock options at a lower price. years ago some scummy biotech company put out a pr release with negative news . the stock tanked from $20 to $4 . within a year the company released very positive news about a new drug they were developing and the stock completely recovered. after the fact management repriced all their options at the absolute lows for the share price.
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