Joe, if you simply look at it that way, YES, it isn't that bad, and the year-over-year growth is great.
What IS NOT good at all is the fact that they overestimated their growth by 300%.
300%.
Ezra kept telling us from the beginning that 16 million dollars was going to be their revenue.
He reiterated it probably a couple dozen times through PRs, conference calls, and personal emails.
So tell me, how can we EVER trust his projections now when he is off by 300%????
I for one, WILL NOT.
I'm not selling yet, as I don't want to cave the PPS. But I will be selling into any rebound and will put this company in my rearview.