In my best Tom Hanks voice I announce "Matt we have a problem"
The problem is a credibility problem, coming out of CVIA. The past 2 Press releases have been announced and intentions declared. Then retracted. We are being given deadlines set by the company and they are passing without any action, or news.
(Now most everyone knows that the merger is being overhauled, but no one knows into what.)
The MMs are also expecting news, but as these deadlines pass they simply discount the price, no matter how much buying or selling is taking place, they are exploiting this confusion for all its worth and its to their benefit, to drop the price and discount the stock.(If that makes since.)
The investors sitting on the sidelines are probably taking a wait and see approach, and going to judge the next PR very carefully, due to the nature of the past PRs and inaction, if the reverse split is over 100 to 1. I dont think you will see very many jump in. So the MMs are also using this factor against us and CVIA. The longer we go with out an update the worse the price decline will be... count on it.
Another thing these "off the cuff comments"... "only a penny stock" PRs cost to much ect ect... need to quit being posted, simply because they are unverifiable, and could have been said but posted out of context, never the less they leave a lasting impression, and also cause even more investor discontent. If Jack is actually saying these things, its not a very smart thing to say to his investors. Because I think he realizes, its just as easy to invest $1000 in CPQ as it is CVIA.
KAA
|
