In return, no offense to you either. But what you suggest is not the only reason the pullback went as low as it did...although it was likely one of the reasons for people selling.
I happened to stumble on a conversation between two individuals who openly discussed possibly closing their positions. This discussion took place on another board. One of them (if telling the truth) had a substantial amount of shares.
What I'm saying >> if folks were getting impatient because of missed dates that were promised, that would account for some selling. But add to the mix someone closing a large position...........
But anyway, impatience because of a couple of dates being missed was just plain foolish, IMO. The large seller/sellers were taking profits IMO because they got in early.
Regarding the audit, if you've ever been through one, they are more tedious than tedious and considering we're talking about three years and three subs...geez, no wonder it's taking longer than anticipated. The auditing firm should never have committed a completion date to Roger.
Now, in hindsight, Roger should have added a "disclaimer" of sorts in August that maybe looked something like this >> "Although the auditing firm has committed to a completion date, I would like to remind everyone it is out of my control and sometimes things don't happen as fast as we would like"
Roger is intelligent and I believe he learned from this.
But that's water under the bridge now and will be forgotten quickly once shareholders see increases in their account balances in the coming weeks/months.
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