I admit that I was blindsided by 3 things:
Together, these issues let the market think, "There's no rush. Sell now and wait for a clear positive change."
- Failure to get OTC
- Bad 4c and weak-sounding talk about a loan
- CC saying we should give them 6 months
So, here's what the market needs to decide:
- Will patients and doctors demand enough Pulse devices to compensate for the loss of OTC?
- Will revenue or deals or participation in the US listing come soon enough to negate the bad 4c?
- Is it fair to give them another 6 months given that they have already had plenty of time to prepare for this moment?
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