To recap, after the bell on Friday... Company announced
- Staff of the SEC has requested a meeting with the Company
- NYSE investigating insider trading of shares ahead of early February restatement announcement
- The United States Attorney's Office for the Central District of California is conducting a criminal inquiry under the federal securities laws in connection with trading in the Company’s securities
- NEW now in breach of various loan covenants
3 comments:
60% down - UN-F-BELIEVABLE!!!! Keep in mind it is already down from $50 to $15 in 10 months!!
Hi Lauriston, yet stock futures continue to recover
I hope the market recover because it would give me a better entry point to go after LEH,BSC,MER,GS. I am leaving the carcasses of the subprime for the bone pickers although I still hold a small put position in LEND. Cheers to all
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