RE:why the stock is going to be down furtherWrong on basically all accounts.
1) SDI will close Q4, profit takers will be exiting above .80/share.
2) Tax loss selling will be minimal as again, contract will close soon. CEO has stated multiple times that its a matter of weeks to include more verticals, not months.
3) Equity raise is against interest of major holders and decision makers. Project financing for initial stage + carry through is being raised, without dilution, bank on it.
4) CEO has stated multiple times that the reason for this temporary extension is partly due to the increased project size, from $125 over 2 years to eventually $200 over 2 years.. This actually puts them + 1 other SDI near their resource capacity as per Q2 CC. Fair value is well over $1 on the increase in SDI #1 alone.
5) You will be buying over .80/share.
Mingzhu, somehow I expected something more from you. Didn't think you'd steep so low to try and weasel out a few shares for yourself.