Certainly correct on the 7's. No reason right now to buy 'em. For what, so dilution can sell into the 7's? You're right - let 'em sell 6's.
Unfortunately, Stem, you may be right on seeing 3's as well. It's sad & so incredibly unnecessary. A pink that has audited revenue, grossed 11m last year, is looking to double that this year, and is expecting to show bottom line profit this quarter ... and their PPS can't hold anything above trips. Not only that, but their MC is below $2m - less than they have inventory in hand by 50% - and there is the very real possibility it will fall below $1m.
Unreal.
Well, no one has confidence in management. If they did, relatively small amounts of dilution wouldnt be a problem. But there is currently zero buying pressure right now.
What can one say? Berge knows why, unless he is in denial. He knows what he needs to do to create confidence. Question is, does he care to or not.
Much as I hate to say it, I say we collectively (if that's even possible) allow the SP to go into freefall. Refuse to buy any shares, diluters will dilute, and the price will steadily decline. Maybe that would get his attention.
Thoughts?
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