It may go lower but it is not a farce. Sometimes what is said here at this point is but the CEO is doing a good job of slowly moving this along. At some point this will pick up steam as his plans begins to show some success in terms of revs and or announcement of a multitude of other business activity advancements. And IMO he has a very good chance of substantial success.
It is easy to figure out what you believe. The difficulty lies in determining - is what you believe the truth.