Like you, a layman, so here's how I look at it.
FUD = Fear - Uncertainty - Doubt, the investor motivators.
Little fear among holders at this point (though there are a few naysayers sniping away)
Little doubt about the potential, i.e. very positive steps forwards (e.g. earnings), methodical progression by management to do things right the first time (e.g. flow rates, simulation info for higher capacity units, etc), market (need and want) for the tech, etc.
Uncertainty -- Bingo! This seems to be factor for many. No news on *delivery* of the second (third, fourth, etc) units. Sales made, just delivery and earnings from them. For me, a timing issue only. Also, big $$ folks are playing it safe, causing or running from the bear market in small/micro caps right now.
Positive aspect of this FUD period: While the price is very slowly sliding day after day from the $10 ($10 was sort of like a sugar (or some other kind of) high), the MM element of this situation seems to be a major factor (at least for the past couple weeks). I sense accumulation of stock among investors for whom FUD is too strong. That is how MMs make their money (at least, how they are supposed to).
Bottom Line: Impatience/uncertainty as we wait for this kid called GRNO to stop walking and start running through the house happily screaming with joyous abandon.
How am I doing, Norm?
And the adventure continues... |
