The Orb news doesn't matter. Convertible Preferred holders have
an incentive to get the stock below $2.43 in order to convert. They will get an extra 1 million shares if they can get the 5 day average to $2.10 and then convert. The convert arbs are punishing the stock to get more shares. The stock is down artificially and I bet that the company will release positive news in the next week that bumps the stock above $2.70. For value investors, everything is better with the company than it was when the stock was at $3.50, the sales of Sparq, the production of sparq, the distribution channel, the oem possibilities, the amount of overhang left, the cash position, accounting issues, the award winning articles, the value proposition, etc... Problem is not fundamental, it is created to make wealth for the arbs. Wise up and buy the stock now. The stock needs real buyers, not short sellers.
Hank |
