Why even longs are quiet..I suspect not because of loss of real or imagined credibilty loss,but pondering the one thing that made me worry for many many months.In MTNBKRS letter to Fred,the paragraph where Fred was asked about finances,..the answer was actually clear..and I quote..'we will do whatever it takes" to be capitalised.And although Fred has made it clear dilution isnt favourable,I've been in the market long enough to understand what that could mean.
It means DILUTION IS POSSIBLE BUT UNFAVOURABLE...but DO NOT rule it out. I put that in caps to make clear for all to understand.The worst thing is a reverse split IMHO as that will destroy the shareholder value of all longs...even back to the ten cent buyers.Again..you guys wnat proof??Look at any reverse split company carefully(and I dont mean charts as most dont show splits accurately)..and you will see a shareprice that can take decades to recover..trust me ..I have at least 10 loser company's to every one successfull...and some of them are 20 yrs old lol.
We all understood thiis companys race against time is critical...its just been delayed yet again.
We better be prepared for exreme volitility in the next year...but remember depending on any deal made..it could go either way.