The Sky is FallingUnfortunately, AMY continues to struggle. And yes, I blame Larry for this. Here is why...Larry needs to be careful what he says during his podcasts. Aside from blowing smoke, Larry has made countless disclosures on future events. The majority of longs have been expecting a major deal since early 2020. Not becasue we want it, but because Larry has indicated such happenings in the near term or before years end. Recently he stated "in the next three months" back in March. And things like "now would not be the time to exit the stock". Yet the stock keeps falling as every news release that doesn't indicate a deal will hammer the stock.
I was disheartened to hear Larry state that he has turned down several joint venture proposals, as he found them too predatory in nature. Well, I always like to go back to the Shark Tank for analysis. You think you have this great business and refuse to make a deal. I shake my head at those businesses as 50% of something is way better than 100% of nothing. Larry needs to make a deal to make his shareholders whole again. Especially those that bought in during the Biden Bump run up. We don't need Telsa, or Volks Wagon....I would settle for the State of California. Larry may think the stock is worth 7 dollars a share but all of us would be happy with 3-4. If no deal is struck by July 1st, the stock will slide hard back under a dollar.