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To: Jeff Jordan who wrote (420528)3/14/2012 10:31:53 PM
From: Jeff Jordan  Read Replies (1) | Respond to of 436258
 
EGLE

A loss is a loss....and they have increased costs across the board. The shorts have increased.
Lets see what they can do into options expiration?....like last month they will sell into any spike here if they can do it...nothing surprises me anymore...look at the SP500...I doubt Greece will announce yet another bailout deal this week?<g>

Net reported loss of $1.7 million or $0.03 per share (based on a weighted average of 62,700,719 diluted shares outstanding for the quarter), compared to net income of $3.03 million, or $0.05 per share, for the comparable quarter in 2010. Net revenues of $70.0 million, compared to $72.4 million for the comparable quarter in 2010.

finance.yahoo.com

I thought they had a small profit last quarter?...I still haven't figured out where $70m cash went to during the first few quarters of last year? They've been holding at about $27M cash for a couple of quarters now? That's why I got excited last year when their market cap dropped below the $100m cash they had at the time...then it suddenly disappeared.