RE:RE:I SPOKE TO DOREN QUINTONHe is an insider so he'd have to report which he hasn't. Are you implying something?
It's pretty easy to calculate what Q4 will be especially since they told everyone in the shareholder update, which will be double last year's with annual coming in at .06-.07 EPS for the year.
It's also easy to calculate what Q1 and Q2 will be based on work in hand but I'm done preaching to the choir. (.04 EPS booked for first half of 2014 + cost savings from refinanced debt and credit line).
Could be the selling is due to default status as mentioned by smithgee, I'm sure the CEO would be buying here to support the bid if he wasn't restricted from doing so, or the LOI/contract debate which is a non-issue considering they're already 25% completed on 2 of them. Could be that the 5 year contract was renegotiated as a trial run to better suit the customer's needs. Maybe it's future revenues looking into Q3/Q4 - again, .04 EPS already in hand for Q1/Q2, and they have always announced deals on the fly and have said there are more to come.
I see retail selling and institutions buying. Pretty simple, pros are preying on ignorance and doubt here, some is justified, most is not. 1) Once the default is lifted, 2) the financials are out and 3) a few more contracts are announced, with hopefully some more press, the market should again realize the obvious fact that 2014 is already on pace to be better than 2013. It will be another record year and Doren isn't misleading anyone.