We are missing one pieceOf the puzzle. We are in the right space. We have cutting edge technology. We have lost the love of the investment community. That is fickle and can turn on a dime. I have occasionally followed Ballard which recently celebrated 25 years on NASDAQ. Some of that time they struggled to stay on due to share price. For years investors couldn't say the name without spitting. This week it made another high. The chart rivals TSLA. What has changed? Revenue is higher but so are costs. I don't remember them ever coming close to a profit. They have a market cap over twice of BlackBerry. Their revenue is 10% of BlackBerry. Their price to book is stretched to 10 x that of BlackBerry but that doesn't matter to those who are buying shares. The market has embraced them for now.
Our turn will come, our share price will be multiples of what it is now. Chen will collect his well deserved bonus and the naysayers will crawl away, soon to be forgotten.
Alan