Having cash is not the only reason to hold a stock....a viable business is way more important and this company has shown itself to be all over the place and unable to give its investors even a semblance of a credible timeline or tangible evidence that they have something that is even worth anything IMO
One thing investors hate and that is uncertainty
the very nature of the debate on these threads is proof that they have failed miserably at communicating what is actually required to put out a product and the market has seemingly lost patience and faith...the pom pom waving can take you only so far
Someone has clearly wanted out for months...the selling started in earnest in the 9s and gathered massive pace after the last quarterly
Ann: Results of CDXO and November Options Exercise Conversions, page-83
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