Corona Contracts & $1M+ Carrier Deals, page-702

It wasn't necessarily disastrous for investors. I first bought at 3c and averaged up to 5c and sold following the first cap raise when the price fell to 11c.

I bought based on the exponential download and revenue run-rate growth from World Phone (note that this was in the absence of any cost information - we later found out that the COGS on world phone was greater than Revenues generated). At the time, if investors extrapolated out these brilliant numbers the potential valuation looked amazing. I cut as soon as the expontial growth trend slowed and it ultimately reversed and now I'm pretty sure app deletions would be exceeding downloads.

The credit suisse guy may have bought in early, ridden the World Phone speculation wave and then bailed when the numbers in the update missed his expectations. If he did that he could thank PO for creating the speculative pump.