Exactly as you described it mate - the management stuff this up big time.
$41mil CASH or 10cents per share down the gurgler and we won't see it return for a decade at least.
Management has totally any Goodwill left the market had for IOU.
Others would like to think the whole sector is down so its OK that IOU is down too.
I beg to differ and believe that we are at these levels largely because of management butchering the overall business execution.
Yes the industry has an overall affect, but if management held up their end and performed we would be closer to 25c than 15c - a needless 40% destruction of wealth for shareholders - and yet you will heard the pipers Ryzie and others singing management praises
(20min delay)