[Silent1]

The idiot CEO Rose decided to choose today (why this week? Who knows?!) to announce that CRYP will be moving HQ to Ireland, and that he will remain with the company until 2007 when a new CEO will emerge from a slot-machine somewhere.

The big hit is unwarranted, except that (a) there is some cost (I think $8M) involved with the move and, (b) he chose a horrible week and horrible time [when the stock was recovering] to do it.

On the positive side, taxes in Ireland are significantly lower and it seems they will recover all expenses in under three years if not sooner.

I'm guessing the stock will resume its upmove in a day or so. If the bill is dead, it should crack 30 very soon.