SIGNATURE BRANDS (SBL) is in a death spiral. The shares, already badly battered, started sliding again last week at 6.5c. Yesterday the stock fell 1.5c to as low as 3.5c before settling at 4c. It's been a hard road to hoe for Signature Brands and the latest selloff follows news of failed deals with the Fresh Ideas Group and with Kahala Corp. Kahala must be feeling pretty snaky since it took up a placement of 3.6 million shares at 11c about six weeks ago.
SBL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
