I know... was just taking the opportunity to point out that as a technicality the financials do not reflect the financing...thus, a the reason for some to hold back for a the next Quarterly results.
I believe that many institutions are holding back due to such technicalities stemming from their internal protocol and restrictions relative to the Quick Ratio and Current Ratio that is computed with the old data (Q1).
Which, of course do not reflect the current reality and increased liquidity that resulted from the financing .
Q2 financials should resolve that issue and many who have been leashed by their employers (the institutions & funds) internal threshold requirement will be unleashed and pile into the stock.
It would be advisable to be invested before that happens
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.