There is no question, revenues and earnings control the share price.
That being taken into account, the infrastructure had to be built and the parts assembled to get the wheels rolling. That takes lots of time and the Lexington matter set PRHL back over one year. Now with AIC in place, that too takes time to ramp up. It will happen, just not fast enough. Now to discuss today trading:
Per Tom Ronk's report to me:
231,688 shares were shorted equaling 35% of the total volume
474,627 shares were bought at the offer.
195,741 shares hit the bid.
There was a seller on the offer along with sellers hitting bids.
This is called tag teamed and there was no way to go higher.
Answer to all this bad behavior is massive buying and if PRHL has any kind of good news, now is the time to release it. I hope management is reading this post.
