Ok, I addressed your specific questions in a way that I think challenged your assumptions re DMRJ, and you decided not to respond to those specifically...that's the kind of hardening and selective reasoning IMO that has occurred with the typical long. I am always tempted to be the same way, but I do try and look for the positive because that's the only way a long will ever be able to make money, and I want to make money. But to avoid being misunderstood:
<<If you don't think that the current financing agreement with DMRJ and the potential dilution is the major reason why the pps is at these horrific levels, then I think you're kidding yourself>>
I think it is a major reason. Another one is terrible investor sentiment. Another may be shorting activity by unknown players including competition. To ignore the many investor fears and frustrations that both are and ARE NOT associated with DMRJ and how those fears affect the stock price is to ignore reality.
<<We have not heard anything from management to make us believe they're doing anything real about the financing. So, it might just be human nature to hope something else will resolve this issue.>>
I am looking forward to the day when DMRJ is gone and dilution stops. I do believe management will refinance at some point because I see no reason for them to be beholden to DMRJ when they get to a point where they don't have to be. I hope it is sooner rather than later, but like everybody else was upset at their comments in the cc call that indicated later, if ever.
<<There is only one catalyst for the stock price at this point. It's restructuring of debt, IMO>>
You may be right. I think it is BELIEF in the restructuring, and that the belief very well could precede the actual event by a number of months, unless we are surprised by one. TSA deliveries bring more financial clarity. With financial clarity of reporting on 10Q and increasing revenue announcements will be increasing confidence among retail investors that the refinancing will come sooner, regardless of their recent comments. That could enable the stock price to overcome DMRJ just like it has every time it has gone up over the last 3 years, but potentially more-so because the end of DMRJ will be less of a pipe dream than it has been until now.
