TUBR Update
Two months ago, I blogged about a company called Tubearoo, speculating that it may be bankrupt by early next year. (See the original blog.)
I complained that I could not short the stock, as it had no operations and debt coming due — not exactly a promising combination. The stock can not be shorted because it is traded over-the-counter.
When I wrote the article two months ago, the stock was trading at $2. Today, it sells for $0.50. I expect that this is only the beginning of the end for this stock. By next year, it will likely be worth even less.
HOWARD UNDERWOOD said,
September 9, 2007 @ 8:11 pm
THOSE THEIVING S O B COST ME A BUNDLE
IM LOOKING THEM UP AT THEIR H Q AND GET MY MONEY BACK –OR ELSE