Q: this stock has collapsed. is there any hope for it? wonder if Bruce Campbell of Stonecastle Investments still has it?
5i Research Answer:
With a one-year return of negative 73%, market cap has dropped to a non-investable level of only $10M market cap. Stonecastle is not listed as a declared holder but would need to own 10% of more to have to report. Debt is very high at $28M and cash flow is negative. It has a new CEO and a 'turnaround' plan of cost reduction and other measures. But we think solvency is a concern here, and would not want to own this.