Call with CEO Spoke with Rousseau leading up to the PP. As much as I'm excited about this run up in the SP, Rousseau mentioned there is no reason at all for the run up (he said this weeks ago). This came up when discussing why management could not buy in the past; he said the stock was being "actively pumped/dumped and that is likely the case right now".
He said the success of the company depends on this R&D phase. Mentioned how going for deals was always "hit and miss and miss and miss..." because we had no product, and we still have no product.
With this said I'll be selling at least half a position. This is clearly a pump/dump. The company diluted by 50%, there is no news, and the prototype won't be ready for another year. Time is crucial in the tech industry, and Rousseau did express concerns about not making it to market fast enough; other stronger/faster players may ge there before us...