I hope for your sake (and any other longs) that you are correct. That said, with issued and outstanding cresting 2.7BB shares, it would take a lot to create a meaningful, organic increase in PPS.
Irrespective of how I obtained the shares, I've always viewed SHMN as an investment, not a trade - I don't have the bandwidth to monitor it closely enough on a daily basis to ensure that I catch a trend.
re: the net income figures, a substantial portion of the delta is a $500k decrease in G&A expense.
Beyond that, I have some general questions about their fins (I'm not an accountant, so I'm more curious than accusatory here). Look at the statement of cash flows (page 21) - Q3 cash flow figures are EXACTLY the same as YTD cash flow figures (which include a topline Net Income line item of negative $442k). Obviously, YTD should be cumulative, and should incorporate the separate and distinct Q3 numbers. I've compared this across other filings I've seen, and it is unique.
In any event, this entire game is based upon personal risk tolerance vs. anticipated reward, and is subject to change based upon new inputs. I view this last report as the final input for me to determine where I sit on that risk/reward spectrum at present, and choose to get out in a net positive position. I hope that you (and everyone else on this board) have the opportunity to likewise see a benefit from this goat rodeo.
-fin
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