In the absence of any tangible progress on many exciting catalysts all we have to go on is one man's word, when those words change from what has been longterm expectations it is worrisome for many, with or without the new acquisition.
Many people (longs included) have Covid fatigue right now and unfortunately have a hard time seeing or believing in what might be a year or more down the road. Even without Covid, the world and especially the US has a laundry list of pretty messed up problems righ now and it weighs on people.
For those who don't (and maybe for those who do) have some sort of faith to guide them and give them hope, having PHIL has been a "light at the end of the tunnel" for them which has been a good thing. When that light is diminished or looks farther away it can be very discouraging and disappointing. So I get why people are upset.
Positive updates on the BB, as well as the existing catalysts needed to be communicated and I told Henry that prior to the CC.
We all knew that this might happen and that continued delays will result in declining investor confidence.
Additionally for those of us in the faith community who believe that Henry is making decisions as he is being led by God, this catalyst is puzzling to us. Yes it has great financial implications (if it succeeds) but from a societal and spiritual stance some investors will question thier willingness to support it long term.
These are just my opinions like many others of you. I am still Long, still holding 8 figures, and fully vested.
GLTA.
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