NEOP—if approval is likely, a 40% haircut in 3 days is a bit overdone IMO.
Not necessarily; the enterprise value of $350M+ remains bloated, IMO. The stock has been heavily pumped in the past few months, not only by posters on iHub, but also by one of NEOP’s non-executive directors. Insiders are now selling.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.