Made the decision to sell as soon as I saw the financials, then came the Honda announcement and changed my mind. Although I'm happy the stock as recovered a bit, a couple of big concerns for me which people have mentioned before;
1) I obviously don't like how they knew about this deal for a while but told investors on the day they released the financials. Given the employment history of Dr Sexton (investment banker) I think we can expect this kind of behavior more often. I don't trust him at all and will treat every announcement with a grain of salt.
2) How valid is this deal? We've seen before deals fall through and even the ones that make it translate to a loss for the company. If they don't secure profitable contracts soon they may need to think about capital raising.
Good on those who bought at 20c and rode the wave up, couldn't get better timing.
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