Felco, Stoocks..etcI feel the same as you guys... how could we possibly get this so wrong ? The reality is, alot of small stuff is getting absolutely creamed, but the ones without and significant revenue, cash flow or cash on hand are getting wiped out completely... and PLI unfortunately falls into that category right now....especially when you throw the lack of credibility on the pile...
I frankly dont know what to say. I hear that there is at least one US hedgefund continuing to liquidate completely...and they apparently have ( or had ) alot of PLI. I understand mgmt have been scrambling in the background to arrange some kind of cross... but clearly the buyers havent stepped up yet... so here we are.
The best possible scenario here is to see a ten or twenty million share cross... If that happens, we could see a pretty decent rebound... then we are completely dependent on where the next $$ comes from....with any luck at all....one of the long awaited positives finally materialize.
I could reiterate all the advice we have all given Pierre over the years here... but whats the point ? No need to pile-on at this point. Despite his trying... too many main initiatives have simply taken too long. Despite all the great promise of the key platforms... he just hasnt been able to turn them into cash quickly enough.. The worst part for me... is his unwillingness to reduce the risk of the business model by effectively selling all or part of one of the key and novel platforms... to ensure the future of the company.... we have been saying that for YEARS.... he simply hasnt done it... and I find that part unacceptable.
As stupid as it may be, given how much I am down.. I wont be selling here. I want to believe there is enough meat on the bone here to keep this thing funded... and climb back up this very slippery slope. ....but who the f knows