I dont think people were basing on internet strangers, ok perhaps some were.
It was based on stated company transaction target in 2021, which relied heavily on functioning megabit chip, which had been in production since January.
Now proposed megabit chip didnt work, so market has sensibly deduced, likely no corporate transaction in 2021 and a similar timeframe to try again.
While I haven't sold, I can see why many have.
Ann: 4DS Technical Update, page-266
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