Here's the reality
Alot of people on this board expected a pop immediately after releasing clipstream
The how to find big stocks guys (and thereafter message board disciples) played a big part in building that expectation, not Steve Vestergaard. At no point did Steve Vestergaard intimate he expected shareprice movement after release.
Expectation that release would be a price catalyst was grossly wrong. A lot of hot money moved in to the stock on expectation of release being a catalyst.
Because stock was quite tightly held at that stage we peaked out quite high in the build up to release. Once release failed to be a catalyst, the hot money left and the stock dropped back.
Rather than acknowledge their mistake, HTFBS and people on this board want ot chastise Steve for the share price not being 5 dollars + by now. In other words, people (including HTFBS) want to blame destiny for their poor predictions rather than accept that they made a wrong call.
Investors want to make themselves feel better. HTFBS are worried about their reputation.
I also jumped in late. Adding on the way up, caught in the euphoria. I am also now a bag holder.
In reality Steve has stated publicly that roll out would be slow, that a product the big firms would want to use wont be ready until the spring, that revenues arent likely to appear in the first few quarters of 2014.
The company is still relatively in line with their guidance. No one should expect anything faster than this considering that.
Thats said; no doubt a more aggressive approach would be useful. But Steve's slow and steady style is not new.
Steve should stick to writing the songs. A band can write the best songs in the world, but without a good front man they might never make it.
