Well, I just finished plowing through the 10Q. Pretty scary but I still haven't decided what to do about my shares. (I'm down slightly due to a small portion of my shares at much higher prices.) Clearly at this point, just hanging onto them is pure gambling.

Apax is a wildcard in my mind, but Xerium is (now) such a tiny portion of their portfolio that they might be willing to just take the loss and move-on. Still, they installed two board members and increased their holdings in the last few years.

Their 2008 annual report is here:
http://www.apax.com/Apax_Partners_Annual...

But I digress from the Subject. I was a bit surprised to see 24k shares traded after hours on Friday and all above the official close. Suckers, gamblers, or smart investors?

http://www.nasdaq.com/aspxcontent/Extend...

Since that link will be stale Monday, here's a copy and paste.

After Hours Time (ET)/ Price/ Share Volume
18:38 $ .75 200
18:38 $ .75 1,550
17:06 $ .82 2,500
17:06 $ .82 2,500
17:05 $ .80 5,000
16:17 $ .79 450
16:07 $ .77 100
16:04 $ .77 9,900
16:01 $ .80 400
16:01 $ .80 500
16:01 $ .78 1,000