And this is where I believe the smart of PD has come into play. He knows where the company is heading and what is needed. At the same time, he understands the market, and raised when he could to get this hurdle out of the way. In fact, looking at today's price, it was smart to raise at 11.
And yes, I agree with you that I will be expecting no further raise unless it is at much higher price and it is to satisfy an urgent business need to expand.
Yep, once on board, very hard to change again. Hence that beautiful 'No Churn Rate' model. The revenue will just keep growing and growing annually.
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