I would be surprised if there's a lot more news filtering out before they release their earnings report. Maybe news of the "promotion" type but, to me, the real news will be in their financials. What did the dilution look like? How solid of a foundation has been laid over the past 4 months? Is the stock worth anything like the 80 cents a share seen today?
I'm not too worried about forecasting, as I'm sure many are, but where are they now?
With the past year a disaster, as can be seen by the stock price falling from the mid 7s, what can they show in their P+L and balance sheet to explain how they've adjusted their "vision" to the practicality needed to be a " good stock" or are they simply a marketing gimmick?
Even if this is a great product, show the world how they are, or will become a reasonable investment. Not hope and dreams, but bottom line efficiency. On the surface, the product looks amazing. What about the business?
The amount of money that should be passing through their hands should allow them to navigate upwards from the current depths. But can they, or more to the point, will they?
Stating the obvious, there's a reason why nearly 50% of the stock is shorted.
I wish you luck with your investment and it could be very fruitful. Fingers crossed! |
