Yeah, it's always tough to know when to liquidate or take profits on some or all. Fwiw, I always think it's best to judge the decision not on the outcome (that's easy becuz now you know the answer), but to go back and look at what information I had at the time and see if I can find any flaws in my logic or reasoning. If the logic and reasoning were reasonable, then one just has to accept that things don't always work out.
They raised money at $12, seemed very upbeat about the future, many things seemed in the works, the stock could just as easily be sitting at $25 per share right now and you'd be patting yourself on the back for sticking with it. It's not like there were any huge, tell-tale signs.
And I'm pretty objective on this one because I have no position so no rooting interest. I owned it from around 7 and sold at around 10 on the way up and then it got away from me. But I was looking to re-enter and the story seemed very good until the lackluster earnings came in . . . and the lowered optimism. And then it just didn't make sense. I don't understand what happened.
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