Patiently waiting I think it would be fair to expect news this week or next. Previously I had no expectations for timelines, but I'm now patiently awaiting some guidance or an update from Heath now that he has taken the helm. I'm confident that he will not disappoint.
The insider buying has been extremely positive and appears to have been a mini-catalyst along with the Health Net developments. Current signs from the Trump / Obamacare saga suggest any that any changes will be immaterial to the profitability and revenue model here. There has been a noticeable absence of paid basher presence here on the board, which imo, also bodes well near-term. I expect that month end of the shortdata will show a significant reduction in short positions and short volume, as there were positions taken at the height of the last mini-spike. They are now going long as we have bottomed at 0.11.
For those of you that are new to Convalo and hold a position that is currently "underwater"... don't fret, don't panic, and certainly don't sell. Myself and many other longs are deeply envious of the opportunity here and only wish we hadn't experienced the early growing pains of the company and it's (mis)management. As an early investor, I have averaged down many times, and now hold a sizeable position. It was not my original intention to invest such a significant weight of my portfolio here. I chased this one down; however, with time, continued due diligence, and turning market sentiment, I continue to grow increasingly confident despite being in the red. While I'm green at 0.15, it means nothing to me, as my investment horizon is much longer term. While I feel the next 6-9 months will be exciting (and volatile), the next couple years may prove life-changing. We're in for higher lows, and higher highs. We've bottomed, and we'll gap up sooner than later. Technical indicators look strong.
Don't sweat the hour by hour, or day by day, or even week to week share price changes. If I had the mental fortitude to close my eyes and wilfully ignore the share price on this stock for the next 6 months, I know that when I opened my eyes again I'll be smiling from ear to ear!
Look forward, not backwards.
GLA.