They probably thought they timed it quite well considering I went from 1.48 - 1.50 down to 1.20 before making its big run.
It is not about anything more than market perception at this time and $ 500 million market cap was too rich. $250 million is probably more reasonable.
This company has huge potential but it does remain an early stage play. I love it and am holding a big chunk of what are now free shares to let ride. Regardless of where this stock PPS settles it is only a proxy for what investors believe the risk versus reward is at this time until tangible news is achieved.
The shorts and poorly informed sellers will use the earnings report as another excuse for a sell off. That is a joke, there is nothing to take from the report except that they were savvy enough to gather some cash from the spike without looking like they stuck it to investors.
In 5 years we will probably be a $68 or a 68 cent stock, grand slam or strikeout. I still believe in the former but am prepared for either scenario.
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