RE:Why???MBA wrote: was management in a rush to do the IPO and start trading in a bad market? I was hoping it was because they were planning to do an acquistion soon. Other reason might be related to the initial investors wanting their money back (sell shares and keep the free warrents)
Too quiet for my liking.
Here are my thoughts:
1- The market wasn't as volatile when they came out. Markets only got really choppy 2 weeks ago.
2- Company has only been public for 6 weeks. Let's give them time to breathe here. Just becuase they didn't do an MandA deal in the first 6 weeks doesn't mean they aren't keen or got something on the come. Patience.
3- The Company probably learned from PHM to keep their mouth shut and just deliver vs. over promote. I'm really hoping that's what's going on here.
I would not be surprised if we got a random update in the coming weeks that drives the share price up +20%. Especially if the book has grown to +50M. Last i heard it was 40M. Pretty impressive.