100% correct
Recent share price action can be tied directly to the over-hyping on Reddit, StockTwits, etc which led to MANY rookie 'traders' buying in near highs and selling for losses. (Believe me, I was briefly in a $CBBT telegram group that was so full of clueless people it was shocking.) The acquisition would've had to been announced during the run up or shortly after in order to avoid this decline.
The price is still WAYYY up this year from when the LOI was released. My original pre-acquisition target was .15-.20, so hype really has been the driver for this up-and-down rollercoaster ride. IMO we are now oversold and should get back into that .15-.20 range. We've all seen how quickly the stock can move (in both directions), so float must be pretty tight.
Everything that has changed materially since the stock printed a high has been positive news: more money invested into PKG and additional staff hired to work on filings. Everyone spouting negative comments can only point to two items:
1) PPS decline (proves nothing)
2) Late filings (not great--obviously--but that is OLD news and Cerebain has already stated they will be updated)
Has it taken longer than we would've liked? Of course. And that is frustrating, especially because Eric gave timelines in the past which were missed. I'm sure he has learned from those mistakes which is why he hasn't put out a new date. These deals often take MUCH longer than EITHER party would like...see my post last week (27271) for an example.
