At least the new judge ann won't tank the sp but may help stabilize/increase it, esp if they have a big impact on download numbers. But with the extra heat i think it'll be ann next week.
Anyways this sell down is apparently from one major holder liquidating, which looks about right because there was no bad announcement to cause it (ie like RAP's sell down).
All the newsflow coming up, such as new judge, Jeb PR stunt, updated app features, 3rd marketing phase, non-english partnerships, etc are more likely have a positive impact on the SP than negative ie drill results found nothing game over.
After the major holder sell down is done, we will be back to speculating on download/ranking numbers and with all the newsflow above I'm sure we can reach top 5 ranking easily again.
Then all Dion has to do is sell the growth story with big download numbers backing it and compare itself to billion dollar companies like Twitch when they first started off with no revenue. If he can sell the story to asian investors, then the growth story just doubled with a bigger market to expand to ie India and China.
So having revenue is nice, but having a big growth story with big monetisation potential is still fine as long as management can sell the story.
MSM Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
