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Monday, March 27, 2017 1:12:05 PM
There is plenty of overhead supply to absorb that amount of shares without moving the needle that much on price.
As for reaching $8.00 on a short-covering rally, that is a pipe dream and just wishful thinking.
Earnings imply profits, which we are unlikely to see in Thursday's financial report. Look for more losses and an increase in the accumulated deficit.
We'll give you the importance of news on the China launch. It would be nice if the company announced a P.O. for $4-5 million. But if they're smart they would save that for another day, not as part of Thursday's press release.
Any news of the hiring of a high-profile CPG CEO could also attract interest in the stock.
If sequential revenues fall in Q4 we would expect the stock to fall also.
"All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." ~ Arthur Schopenhauer
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