I thought we'd end up around .58 today so somewhat relived it's halted (for now) where it is.
Current concerns, possibly shared by others:
(a) if they have a clear funding plan why haven't they released it?
(b) if they haven't got a funding plan, then isn't that even worse than having a plan and not releasing it?
also:
This drop is great for an Institutional Investor. If I was an Institutional Investor I would want a discount on whatever the current SP is so if this is low, I'd still want a lower price. Even if I was able to get a lower price once the news was announced, then the SP would probably go lower again unless it was absolutely rock bottom. Like, lower. Gettit? So right now it's in the interest of the next SI to see the price as low as it can possibly go, and then invest where the risk reward is greatest. Is it really there yet? I don't think so.
I'm of the school that would rather a harsher truth than not knowing WTF is going on. If the harsh truth is they need money so be it. But dithering, and the idle speculation that spirals from it, doesn't seem to be given out the good vibes. Mr. Market doesn't dig negative vibes. More significantly Mr. Market is well known for not giving a f*ck about how great a project is or isn't. See post-launch SP.
In a way, we are where we were in late 2016 with 3 Pearls in development and as yet untested in orbit. From that great launch there has for me being a mis-step in momentum, precipitated by the unfair but reality crunching bum-biting gotcha of those who bought the rumour and sold the news as the rocket successfully launched the sats into orbit. When the 3 Diamonds went up into the sky my sense was that any monies garnered would go towards funding the next batch of Diamonds. However, the tech of the Diamonds needed to be upgraded to the weightier Pearls, and these Pearls haven't yet been tested.
I held for a while until I decided to get out and invest elsewhere and return to check it out.
Recently, I thought we'd levelled out at 8. The falling knife seemed to stand still long enough to grab and I was willing to put out a pinkie to see if I could catch and hold it. Needless to say that that pinkie has been cut deep. There will to an end to the decline. Maybe by then the knife will transform to a bird and I'll try to catch the bird with my remaining fingers as it flies away. Maybe, like a cuckoo, I'll look to other nests. It's not the only clock that ticks.
Maybe the funding model isn't to go CR, but unless some announcement is made the question of funding will continue to give the SP the jitters. The recent reports show they need coin. Dare to be truthful. Where's your sat at Coy?
IMO
Dawatz
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