DarioHealth Corp (DRIO)

[Posiden]

Labstyles has done a pretty crummy job of administering their public offering and preserving value for shareholders. Sure, financing may have been necessary to continue operations, but it's as if took a truckload of shares down to the pawn shop to sold them all for pennies on the dollar. Imagine the poor saps that bought at $3; the stock will have to reach $15 before they can break even. Technically the same distance, but not psychologically.

With them being an Isreali company I would really like to know who is in charge of administering their stock offering, sec filings, PR releases, etc. I wonder if it is an external firm or individual in the usa? The fact that they are so quiet in regards to shareholder communications at least tells you they aren't a share printing ATM machines like so many of these OTC companies; PR injections are what keep them alive.

I made the decision to hold my large position through the reverse split because I think there is a slight possibility they will PR something heavy next week. Luckily I locked in enough profits on the last run to still have some downside tolerance from here, but not much. Time may very well prove it to be the wrong decision, but I can take the hit and limp away if that's what I have to do or hang on and wait for greener pastures.