Well, you know, people say it all the time, apparently the market is comprised of irrational herding animals who create their own reality: the price is low because the herd sells because the price is low.
It's true the market needs more convincing on IBG, it's unloved. That's exactly why I bought it, and hold it.
People sell for many reasons, you're right some have lost patience or have found other opportunities, they sell into any price rise, so the price falls again and even more of the herd lose their nerve. The cycle repeats. Also there's evidence of price manipulation, there's some of that going on too.
You're right, the funding path is not clear yet. NFC looks likely, but now we're told there are others in play. I don't think IBG will stuff around much longer with the others. NFC terms are imminent and will be announced. Where NFC leads, the herd will follow.
