i would be worried if i was looking to sell this tomorrrow... i'm not ... very patient ... and expect to sell my shares for 10x's, 20x's, 30x's or more vs. current pps
and i think you are wrong when you say it could be a long time until earnings come in.... if they announce plasma plant financing is in place ... earnings could start a month later
and when the additional technology of phase ii give a proven reserve number, then that should be reflected by the market cap of the stock. AND I EXPECT THE PROVEN RESERVE NUMBER WILL BE OUT THIS YEAR ... MAYBE AS SOON AS WEEKS (NOT MONTHS). the jv partner is obviously motivated to get this thing moving more quickly !!!
DO YOU THINK IF THE PROVEN RESERVES ARE ABOVE $10 BILLION (I THINK IT IS MUCH HIGHER), THE MARKET CAP WILL REMAIN AT $30 MILLION?
so i don't think the wait is as long as you think...
btw, i am pretty sure your option 2 is the answer. i think the shorts are very good at what they do ... and their manipulation drives out the weak hands ... because they get disheartened.