Exactly. Its a US based general mkt move (amplified on small caps) that wasn't hard to call on the Jackson Hole meeting, given QT was hardly over (not quite so large in size). Classic retail. En masse falling over themselves in self-congratulation one minute on PNV share price and now the whites of the eyes showing because the earnings missed expectations a bit.
Some of you may recall PNV was trading $0.84 only four months ago. Not being cash flow positive was disappointing, but personally I am buying on this move and these results. As said above, they just have to rein costs in a bit - that were obviously blown up with headcount additions - and at these revenue growth levels, they will quickly move to being cash positive and be able to pay (or roll) forthcoming maturing debt liabilities. CR fears starkly overdone.
I only wish I could trade ETO's on this stock....lots of lovely volatility.
PNV Price at posting:
$1.37 Sentiment: Buy Disclosure: Held
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