RE:RE:Gotta AdmitTheBassMan wrote: I have to agree with Boolish on this one. I am not a short-term investor, I am not a trader, and I am not an impatient person either. But the stock has been consistently bleeding red for months now, and no investor, no matter how patient, likes to see the value of his/her investment drop by this much.
I have not sold a share and don't plan to soon, and I do think this stock is likely to have a solid quarter. I am aware that they are maintaining guidance for 35,000 patients by the end of 2018. But it is still irresponsible to let the stock price drop and drop and drop, almost entirely due to lack of communication. Switching to quarterly-only onboarding updates immediately after an extended period of no-onboarding sends a very bearish signal, and indicates to skeptics that there has been no movement since April. A news release was needed at the end of August, and I am disappointed we didn't get one.
I honestly believe that the reason that they haven't said anything is that there is literally nothing great to report. They made an announcement on recieving the first shipment, so is the reason that they haven't made a second announcement because they still haven't received it? Knowing that the second shipment arrived would do alot to allay the doubts going on since the problems in April. What would be the big deal in saying they got it if indeed they did? I am suspecting that they are still having trouble getting stock. Musk can tweet out relevant information about his company, it doesn't have to be in a big splashy news release.
The other problem with releasing enrollment numbers quarterly is the definition of quarterly. That second quarter ended over a month ago and not a peep. Because it is their year end that "quarterly now becomes a VERY LONG WAIT. Again, the only reason I can see why it is a big deal to not release that info, is because it isn't not roaring (but of course, I am a sure that it has still been increasing somewhat). I am still looking to buy more at these levels but I can't get myself to do so because it is always lower the next day. It would not be lovely to use my money to prop up the stock, just to see it keep going down after I am done buying. Where the bottom is, who knows, but I really need to see some support at this point before I jump in to buy more. If IR would respond to any of my @%# questions, I would be alot more comfortable buying now, (or not I suppose, depending on the answers).