News - Taser CEO Smith invited investors to attend Taser’s annual shareholder meeting on May 28 at the company’s headquarters in Scottsdale, AZ.
After today's -20% stock tank, I predict that someone is going to get tasered (that would be fun to see). So maybe I'll buy a share and attend... incognito. These days you can't even get into a movie for eight bucks.
The stock ended the day at $7.53, down $1.89 (-20.06%). The market cap is now just $476 million. The volume was about 16 million shares traded, about ten times the normal volume. It's telling that 25% of the total shares (16M/63M) were traded on one day. In other words, one-quarter of the total ownership fled.
"...we’ll start to open the kimono a little bit at our annual shareholder meeting," said Smith.
Oh marvelous. I trust that someone else will bring tweezers and a magnifying glass to assist with the examination of the corporate 'treasures'.
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