Sunday, June 02, 2013 6:40:54 PM
I actually agree with what you are implying, this is more complicated. But complication adds risk in the market, unknowns add risk.
Delay and time add risk. Only way to de-risk this company was to get a good settlement in your two big catalysts and show institutions you can execute, shorts you can execute and patient longs as well. That would drive value and pps increases.
All that management did was add more risk that they will not see $, delay to the potential of any $, and therefore more risk.
Market wanted them to show they were less risky now and only thing they succeeded in doing was the opposite. That was my point, which you are effectively implying.
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