/biz/ - Business & Finance

>>53368880
He hasn't sent it yet. He said he wanted to have actual shareholders to petition his letter to the board but hasn't found a way to make that happen yet. Reddit also tried to critique his letter saying he was too "harsh" in certain descriptions. He said he'd review his letter but doesn't want to change the tone because he wants the board to actually listen.
I've read his letter and it's extremely articulate and isn't nearly as scathing as Ryan's first letter to the board.
Richard is 100% correct on both the positives and negatives of the company and wants them to bring up specific issues to the table and its shareholders.
They listened to Ryan, and they obviously like their shareholders so I think there is an actual chance they will.

>>52912838
They didn't want it to hit or go below 20. There were a lot of buy orders at that range, apparently institutions have started buying in again, cost to borrow has started to increase and borrowed shares on the lit exchange is at a near all time high. Really not sure why they decided to short the ever living fuck out of it this particular week, also noticed an extremely large amount of shilling earlier in the week. Usually they drop the price during earnings or if they know there's going to be good news, but the price went up 8% after earnings for one day and then just kept getting shorted, which just displays the inorganic price decrease (almost 30% drop in two weeks on a relatively neutral-good earnings report? Lmao, ok)
Next few weeks are going to be interesting, especially now that the cost to borrow has gone back up again.