Investors did not hand Azure $37 million to avoid testing many of those 12 other EM conductors. Even one hole in half would've sufficed. That's what the market was expecting, hence the reason we're down 5% today. (But there are also technical factors at play - see below.)
I guess Azure lacks confidence in what those other conductors may hold, and they don't want to spook the market (with Azure's share price already in in free fall) just in case they're empty.
Technical Analysis now shows a disastrous sequence of 7 red candle sticks on the daily charts, indicating that every single move higher (over the last 7 sessions) has been sold down. There will be no let up until the 100 day moving average at 44 cents is hit.
Based on the above, I believe the ultimate seller capitulation is near.
Those who still believe in Azure and want to buy must learn to be patient.
