Saturday, April 24, 2010

Taser International (TASR) stock plummets 12.66% in one day

And in others news...

On April 23, 2010, Mr. Jasjit Dhillon voluntarily resigned from his position as Chief Strategy Officer of Taser International, Inc (TASR) and General Manager of Taser Virtual Systems, a division the Company.

This resignation was apparently a complete surprise to the (mis)management of Taser International. According to one report, this little tidbit of information wasn't mentioned in the recent conference call with the moronic investors and other amused listeners.

In a recent post [LINK] I had noted my observation that I can't find the word "Braidwood" in the recent Annual Report of Taser International. Given the potential worldwide impact [LINK] of the Canadian findings, it's something that perhaps should be highlighted under the heading, "We're screwed."

For some reason, the phrase "serial non-disclosers" pops into my mind.

UPDATE: Taser International is now just a $300M company ($306M at close to be exact). Golly - last time that they lost an important taser-death lawsuit, about $50M worth of market capitalization was wiped off their smug faces. IM (not so) HO, they're lined up to lose another important taser-death lawsuit, hopefully during this calender year (2010). I doubt that the Mkt Cap impact would be only $50M next time. Maybe $100M or so? Just a guess.

To be crystal clear. I have zero financial interest in this pathetic company or anything even remotely-related. I'm just a detached observer.

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