Sunday, May 24, 2015 1:40:04 PM
I don't think they had much to do with the decline. I think the preceeding run and then delays and excess supply have been.
I bet if you polled 100 institutional or professional investors, over 80% would say that a CEO should never talk about shorts publicly.
Leo has invited them by using words like momentous, engaged them on several occasions, and has now blamed them for the recent fall. This worries me when a CEO is so focused on them, and blaming.
I do think he decided to up-list to buy time during the lull and try to hold the stock together. It's taking longer than he anticipated, and is probably stuck doing some of these things. Let's hope he executes the up-list, and then steers clear of putting himself in this predicament in the future.
I failed trial wouldn't be a red flag, it would be an unfortunate outcome.
Hoping the best is yet to come.
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