Lack of clarity on grant is hurting us... The share price will only fall further until we get some clarity on the Windstar grant. I know management did not expect it to be delayed but it obviously has been. The Memorial Day weekend timing certainly hasn't helped as there would have been no further advancements made since late last week on the application.
Until we get a) grant approval or b) clarification from management that while delayed, the grant should be approved I can't see us going anywhere but down. I've long had this nagging fear (and have mentioned it here) that the grant approval would not be the slam dunk it has been portrayed to be. $90 million to a govt in financial crisis is not small peanuts.
In no way am I blaming management. I've applied for arts grants before and sometimes have been successful and sometimes have not. The applications remained the same in all cases, and it was the granting agency that decided my fate. And IMO we still quite likely will receive the money, at some point. But the uncertainty is adding another layer of fear surrounding WND, and the share price is behaving accordingly.
Still holding my shares, but no longer considering adding until I see which way the WND blows.
El Joro