Well Trey, WSTL held on today, closing at 5 1/8. For a while, I was worried that the critical 4 1/2 point would be crossed, but the stock held fast at 4 3/4. The volume, although pathetic, at least points to the fact that no large holders are dumping. According to your prediction, next week could be interesting. I'm trying to be at least short term optimistic. What else can we hold on to, except hope, when there is little in the way of news out of this firm.
I tried to contact WSTL's IR today, left message, but no one called back. I hope it was because everyone was busy trying to find a source of money to help out the poor cash position of the company. Next time I will identify myself as Mr. Penny or Simon. Perhaps that will get a better response.
I wonder how that party feels who purchased the 1 million share block at 7 1/16 a couple of weeks ago? Wow, they are sitting on about a 2 million dollar paper loss at this point.
I would love to learn of how Penny and Simon view the present WSTL situation. They control the voting rights on this company through their class B share ownership. I wonder if they are kicking themselves for putting Zionts in charge? Did they also put Seamans in? If so, shame on them twice. If I were them, I'd be working overtime to find a buyer, and end their and our misery. |
