Preferred, overall market sentiment and an unknown company.
That is why we are at 2.16 with fwd earnings of < 3 X (gaap).
The news is out there - conservative estimates that keep being exceeded,
q after q.
But we have potential 112m outstanding with 3 mill preferred overhang-#1 problem!
Then there are the warrants; if this goes to say $3/ share, they will be exercised at 2.255 and SOLD for 33 percent gain. I would in a heartbeat, and i'm guessing they will.
So tell me how this stock gets out of it own way? I am not sure for a long time as greed of about 15 million shares (preferred and warrants),
and that is reality, like it or not...
CB