My theory may or may not have legs but your reply does not really give a valid alternative.
Yes, they surprised the market with a capital raisings twice when it was not expected.
While they initially got punished for the first one, the market warmed to the growth that resulted from it. The second one seemed to be following a similar trajectory until the patent case arose. There is no evidence the current weakness that started the day before the AGM.
By focusing on a profit now, you are asking NEA to forgo future potential. Currently they are doing a good job of establishing market dominance in the US and their investment in Hypercamera3 may turn out as a game changer.
>They would not survive if they were a private company.
That is patently false as they have had no trouble raising capital from new sources
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