CHICKEN LIMBOHow long can it go and still it under the stick without falling to the floor??
From a fundamental standpoint we are not aware of any material changes within the company since:
1. They announced the early production orders for their chip sales to Asia
2. They closed the $4.9 million C private placement
3. I believe they granted some stock options to a few key management personnel for hitting certain milestones probably related to the DC leg of their operation coming to fruition
4. Announce Molex and an additional smaller retail type component distributor to their oversized list of major connect providers as partners...
So, the stick may be lowered a bit more until all the financial folly towards year end has complete!
But there is nothing fundamentally that we are aware of other than positive announcements that should materially affect the stock price right now in a negative fashion.
Dont get me wrong, who wants to see a further pull back at these levels????
Not me , but you a couple of choices of sitting pat, selling or buying more))))
I am holding my nose and not looking at my account value right now!!!