Its not really unbelievable... all the signs were there - I've been trying to tell people on this forum all week ...
"I've seen this movie before"
This is only the beginning also... the acceleration from here towards the downside will leave a lot of people with their heads in their hands if they're the traditional "Buy-Hold-Pray" investor
These are the headwinds:
- Hedge Funds doubting the model's effectiveness
- Large number of shorts & climbing
- Upcoming legislative headwinds with largely unknown impacts
- The wider investment community now questioning the accounting practices (specifically the treatment of the RADs)
- Change in business focus from acquisition to organic growth
- Queries about the sustainability of the company's debt limits
- Potential CR overhanging the stock due to potential debt limit breach
- Founder Resigns
- Founder dumps his entire stake at $3.15 (10% then discount) due to it being leveraged
- Negative feedback loop with respect to brokers capping / limiting / withdrawing margin lending on the stock
- Lot of investors now under water due to it being at all-time lows
- Management staying quiet while the SP continues to fall
- Stock making lower highs & lower lows with no clear support on the chart anymore
- Forums
- ASX - By Stock
- EHE
- unbelievable
unbelievable, page-2
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