I have to agree with you on that one. Things like this will take some time.
Having longs take some profit is expected, but Ken has had a lot of goodwill thrown back in his face lately, by some of the very people that he was trying to be helpful to.
Some of these people were the same ones who had asked him to extend the divy date, so they could have a chance to have additional shares settled in time for the cut-off date.
Ken was responsive to these requests, and then, had some longs turn around and dump hundreds of millions shares collectively, when they had a chance to get out.
I don’t believe that he could’ve anticipated a reaction like that, and is probably a little surprised that the same people who dumped all these shares, now like to blame him for the share price.
I think chronologically, there were some missteps by the company, and I would’ve liked to have seen the financials before the IPO/divvy announcement. So no, I am not giving Ken a pass either.
But overall, I like the direction he is trying to take, and will ride this rocket “to da moon,” or into the ground like Wile E. Coyote.
Go long, go short or go away! LOL!
GO SDVI!
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