Whatever he chooses...I was simply correcting the post. I wasn't editorializing or judging his actions. I don't think racing was a good spend either, but I don't get more than a buy or sell choice here on what he does.
To all,
The selling here is just plain normal today. I said before the interview that if he talks about buybacks and timing and audited fins, the stock could do well. But the audited fins part is delayed till after buybacks (likely, not his words, but mine). Buybacks are 18 to 24 months out to get back to 800M to 1B OS. Those (mostly traders) who have no interest in 18 mos, are simply moving on. As this approaches $.009 to $.01 again, more will come back for the next move up. Those in for the long term have nothing to worry about as long as BW does the things he says he will.
Remember, too, that when a stock trades at 5X FMV, it must have constant PRs, etc. to keep it up, otherwise, it just flows with gravity toward FMV (Fair Market Value for performance up to last fin filing).
The next major obstacle is not more sales announcements, but verification that dilution is over. That one act has more power right now than almost everything with sales numbers. As TTurner has said, the great sales prospects are baked into the PPS, which is trading at 5X TTM (Trailing Twelve Months) FMV. TA will know after Sep 30 if any new shares were issued this past qtr (knows now if any shares have been issued since June 30th to today - give him a call). Likely, if none by now, none will be done in next couple of weeks. Post that call and you could see some serious buying. I would do it, but I'm waiting on another couple stocks to move up, so I'll have cash to buy here. So right now, I'm satisfied with it drifting lower. I'd like to buy in the $.009s.
Just a thought.
In the absence of that which is not, that which is, is not.
