So obvious now... that management are buying to try and give the market confidence - as there is no bottom now with this stock/shareprice on a technical front.
Brace for the worst shareholders. I look forward to seeing the next announcement - this is going to be a blood bath; missing revenue forecasts, projects shelved for the second time, cancelling future projects, not buying any new stock, etc etc.
What happened to management saying there was good buying opportunities over the last 2 years and acquiring almost nothing.... now they definitely wont be acquiring in a recession and downward market. Stock being deplited and very very very low profit on lots sold. This could be $2 share in 6-12 months time IMO
Ouch Ouch Ouch. Where are the do gooders who were supporting management 6-12 months ago? Writing was on the wall then!
When will questions be asked????
CWP Price at posting:
$3.71 Sentiment: Sell Disclosure: Held
