They didn't deliver everything EXPECTED though. It seems to me that what you are missing is that to some degree investors really did think that refinancing on terms that would stop or limit the dilution by DMRJ was a viable option. Some investors expected the TSA award to be profitable to a much greater degree. Most here were saying 35k+ per unit. Now that we finally have actual TSA revenues it looks like profitability that leads to a much better refinancing deal is not nearly as likely. That may be why the price is down so much: One of the biggest hopes seems less and less likely to be realized. Investors are afraid it will be more of the same.
Those like yourself that seemed always to be looking for only the buyout possibility - which still exists - may not appreciate that SOME of the demand came from better refinancing hopes.
After the freight forwarding revenue failure the company HAD to get the TSA award, so they did what they felt they had to do but the recent reporting just added to the realization that not only did time delays hurt us with accumulating debt and interest, but that the TSA pricing appears to have hurt us by reducing our profitability which in turn reduced the options for attracting external investment.
In the end it may still not matter a whole lot due to our tech advantages, but IMO this explains the continued price weakness. In a nutshell, unit pricing appears to have limited us to continued dependence on DMRJ for the unforeseeable future.
If you're interested in Virtual Reality related microcap stocks, see my board
If you like my posts, follow me. I'll follow you if I like your posts.
