Simply, because I find this stock interesting. I originally invested in September 2015 (and sold early in 2016), so I've been following since the beginning, and frankly I am incredulous at the valuation put on this, which seems to be powered by speculative belief. In my opinion there have been quite a few warning signs to investors:
- missed deadlines (which are all there in black and white over the past two years and cannot be denied by anyone)
- massive dumping by the original holders (i.e. the mob who invented the tech in the first place sold all their shares)
- a director selling a large amount without formal explanation to the market before these pivotal results
None of these are good things, and I have never seen a stock go so high based on so little. For this post I will probably get lots of negative responses from RAP true believers, which just goes to show the sheer level of almost religous fervour people have for this stock. I don't understand it - why did this particular stock end up with such a massive following of true believers?
Bottom line - I can't help but watch and comment and I admit I am fascinated to see where it goes from here.
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