Ion down to 51 cents, 20%, today after the big pop from the Brunei contract news. The sad fact is, this will do very little to solve the current debt situation and associated bankruptcy filing. It may improve the chances of finding a suitable buyer, but this stock will likely go to a new 52 week low. Get those resumes out there.
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Have you heard the latest joke? Ion. Get it?
an obsession is monitoring an ion thread to discourage discussion about ion.
No rest! This is exciting.
Yawn, give it a break, go and obsess about a different company
The bleeding finally stopped at closing, down to 47 cents/28% for the day. You can soon play 'Another One Bites the Dust'.
...it took a few days for Wall Street to realize that the occasional entrance of a magnanimous sugar daddy does not mean the beneficiary is a going concern. Increase of a few million net in market cap becomes more and more a proxy for project value recently awarded. Perhaps the statement from last week that the problem is traditional customers don't want to buy what is for sale (except to keep supplier competition going), says what is largely known about the geophysical services business model...dependent on a few powerful customer's good will (i.e. Porter). notice that survivors are scrambling to diversify (e.g. CGG, TGS). and so it goes, on and on.