while the stock is being manipulated - what stock
Post# of 22940
i think i made my position on the stock price unambiguously clear and I am certainly not happy with the freefall from the high teens/since VNDM has shown up.
i still contend there is substantial, continuing dilution coming from VNDM - not straight selling. the pattern of intra day shorting, 10K trades, hiding shares, getting micro runs on inflated (albeit declining BIDs) - all suggest standard dilution. let the retail traders continue to try and find the bottom, give them some confidence, and then whack the shit out them. it is further supported in the increase in OS since the beginning of the year. Bill confirmed that no insiders have sold shares and there have been no Form 4s. however, they did not have the cash position nor the cash flow for all of these agreements/deals. apparently those being paid in stock are not holding long term.
this is further exasperated by the company not aggressively defending the value of the stock/company. this is dramatically different than cheerleading. the stock has been in freefall since VNDM showed up and it is entirely appropriate for a CEO to defend the value of a stock and publicly declare the stock price does not reflect intrinsic value and then provide the basis for such. instead - IR is publicly denouncing long term shareholders (not to mention those that have been staunch supporters) as bashers when they ask legitimate questions (that become even more prescient as the price continues to decline).
there was never any $5MM committed by Bill. that was a rather inflated version of the stock transfer arrangement that was suggested. some on here took it as Bill writing a check to the company for $5MM which obviously was not the case.
today's notes were about as close as they have come to updating "guidance" but the verbiage was rather non binding. the company needs to be less abstract about numbers and get back to specific targets. the 90 day reconstruction plan is about over. will they provide firm guidance at the end for full year 2016 and 2017 or will it be more soft verbiage such as "may provide".
whether its dilution/conversion, aggressive shorting/covering by MMs, retail holders cutting losses, or a mix of the above - it is enabled by a company that has strayed from its direct messaging to shareholders and caused consternation and a lack of confidence or urgency that has allowed the spiral to happen and continue as the MMs get more aggressive in shorting and taking out stop losses, covering, and then repeating.
i dont see "news" solving this problem. i think it will take a no BS assessment/confirmation that there are not conversions/dilution taking place, concrete guidance provided for year end 16 and 17, and an updated business plan with some relatively firm timelines after the reconstruction period. right now - it is hard to "know what you own" when the company goes from providing a 5 year revenue plan to be unwilling to provide guidance for the end of the year and then ridicules shareholders for asking basic DD questions. right now the company has confirmed $109K in revenues. original plan called for several million in first 12 months once production started. that occurred 12/15. are they on track? if not - how far off track and/or when will the new entity start producing in earnest and when will updated guidance/long term forecast be provided?
i dont need muse telling me these questions have already been answered/addressed.