I should note that I'm a former employee of the company, and thus am influenced by my perception and my knowledge of the executive team. Basically, in spite of the damaged balance sheet and prospects of regulatory constraints that will limit growth opportunities, I still see a crashed market that offers a contrarian opportunity and an executive team that I know personally and believe in. I'm betting on management here to find a way. The crashed price makes buying a small position a pretty low risk, so I'm long at 2.32.
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