Ann: Testing Confirms All 3 Nano-Satellites Functional, page-89

As will all spec stocks, it as case of buy the rumour and sell the fact. Shouldn't be a surprise at all for a sell off. $200m mcap for a couple of satellites up with a whole lot of business and strategy execution risk to go, need to prove a sustainable and profitable business still. Plenty of people trade catalysts, dumping on news/confirmations if they capture the run into it. An effect quite common in resource exploration, and on the ASX more recently with the plethora of tech stocks.

As for shorting: there is pretty much none. Manipulation: prove it. Always the scapegoat of things that stop going up despite the "infinitely" great fundamentals. This is what a lot of people have said about many hyped specs stocks XPE, IAM, THD, NUH, NOR, etc... Best to stick to reality and not bring up bogey men to make you feel better.

End of the day, a market is made of people with different opinions. If fundamentals really do still stack up, then it can help those with longer-term views execute at better prices.