SAIC CityTime Curse Drain for Shareholders Wait on IRS

SAIC CityTime Curse Drain for Shareholders Wait on IRS

Must be exhausting for shareholders to own this stock post CITYTIME. Even the street needs a double capuccino this am, was it not last week SAIC needed the  IRS to approve the SAIC post CITYIME Crime split ala DPA (deferred prosecution agreement)? For those lovers of decaf your cool too.

Accourding to the SEC and reported by Bizjournals "SAIC seeks shareholder approval for reverse stock split"

"The planned separation of the company, announced in August 2012, could cause the market price and trading ranges for the common stock to be significantly lower than the current price and trading ranges, according to a filing with the Securities and Exchange Commission."

http://www.bizjournals.com/washington/blog/fedbiz_daily/2013/04/saic-seeks-shareholder-approval-for.html

Meanwhile back at the farm....insider monkey has questions about SAIC too. 

"SAIC, Inc. (SAI): Room to Run or Waiting for a Fall?"

"McLean, Virginia-based military contractor SAIC, Inc. (NYSE:SAI) has long been the target of conflicting investor emotions." http://www.insidermonkey.com/blog/saic-inc-sai-room-to-run-or-waiting-for-a-fall-127828/

http://www.youtube.com/watch?v=AfnGDuHUQNk

SAIC give our money back pre-Denault.