The stock price is a reflection of many things - but mostly the 24/7 hatchet job done by the bashers in the weeks after the RS was announced.
Now you don't want to admit to that, because that goes against your pet theory, and that's fine.
Your theory is only correct IMO insofar as it pertains to the failures so far of the company to execute and communicate.
The answer for most longs in these times is to wait it out and not to bash. For others, it's a signal to throw the feces around.
It's all a matter of style and intent.
When you start up the old "Charles Bitters is a devil" chorus - "The only thing he did right was for HIMSELF in setting up the loan/preferred offering and following it up with outrageous RS" - well, this kind of crapola is what drove the sp into the ground in the first place.
And that fear-mongering doesn't prove any point at all, it never did...and the current price - stable since the RS - only shows that people are nervously waiting for the wells to be announced. People don't want to sell, they don't to buy, it's in a channel.
But don't tell that to the feces-throwers.
