06-12-2014, 04:11 AM
'admin' pid='44785' datel Wrote:No, I thought that with the clean(ish) IC result, the likelihood of PwC falling in line would be a fair bet. The delay doesn't mean a great deal in and by itself, I'm sure they're going over the IC report meticulously.
However, the price action tells another story. It might be some big fund selling, and/or a last ditch effort to run the price down to cover, but it's hardly reassuring.
yeah, the aggressiveness of the selling in the face of clearly positive news and an already very depressed stock price is disturbing. At this point, mgmt. need to put real money on the line, either thru a large one time buyback or outright MBO to regain credibility.