I don't know if the share price will drop that much.
The death of the 2 "big deals" seems to have been known for a while. The share price plunge implies that.
On another note, it's interesting to see the excuses change shape.
Now it is the prospects were waiting for the company to restructure.
Previously it was, the prospects were waiting for the company to raise money with another PP.
Previously it was, the prospects were waiting for the company to get rid of the bid price deficiency.
Previously it was, the prospects were waiting for the company to get the NASDAQ extension.
The waiting for the company to raise money has now changed into the prospects didn't want the company to raise money to support a large deal. (Flapping in the wind.)
But the line that is the funniest is the "The depth and number of large customer POCs should be a testament to the viability of the solution."
Really? A conversion rate of 0% says there is a viable product?
As I previously stated, the pilots appear to have been mostly unqualified prospects.
Being "wrong" has been extremely profitable.
