No, the bottom line is the share price has sucked for the last decade and it doesn't matter what they do, if they can't learn how to run a public company, manage shareholder expectations, and communicate properly to the investment world around the benefits of the technology and in a way that will appease investors and get new ones undertanding and interested in the story. Other prerevenue companies do it with lots of success.
It doesn't help that they have lost investor confidence over the years by consistently telling us they are about two quarters away from production and revenues for the last 3-4 years. Go back to the investor presentations from 2018-2019 and you will see it. Always a few quarters away only. Just got to get through alphas, betas, and when we are done, we move onto something new with alphas and betas without any revenues to speak of from the previous products. This has been the carrot dangling and cycle we have been in.
When we do gain traction like we did in January with some significant news and partnership announcements, as usual they throw a wrench into things by accelerating warrants to a ridiculously low price, essentially telling investors the company is worth a lot less. For years now it seems we are in a constant state of warrant overhangs, debenture overhangs, repricing or extensions of something, a reverse split with no plans and on and on. A series of poorly timed missteps that lead us to the SP we are at today.
Think of every good run we had in the last 3-5 years and how it ended! Management selling at the highs around 1.50? We managed to hit $8 a month ago, but lets reprice warrants by a ridiculous amount just before making some partnership announcements so the end result is nil. If none of the above, lets blame the market. They have been their own worst enemy, and most importantly have missed out on professional PR and marketing to get the message out in a way that makes an impact and thus generates significant volume to absorb selling from such events as now and only one of the reasons we sit at such a poor evaluation today.
Not in my wildest dreams back in 2011, did I think we would still be talking about this stuff today.
