This idotic GM/board of directors could have soften this blow with timely announcement. Or could have given few good announcements (If any) to push the price higher before this blow. One can even claim that they intentionally sat on some details.
Short interests started increase since new ceo , either they know his capability to mess things up or they appointed him.
Average driver should not be hand over the key of Ferrari.
Ann: Quarterly Report and Production Guidance/Cashflow Report, page-141
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Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 96 | 4283334 | 10.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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