Good news is toxic for this companyOn January 4th of this year the share price of Fobi was sitting around $1.51 according to its chart. On January 5th Fobi signed a 300k license agreement with a leading issurance provider. Now here we* are, over 20 positive news releases later, sitting at 58 cents and still not really sure where the bottom is. So what is it with this company? Does the market not see what's buiding here? Is there a secret shorting cabal trying to destroy Fobi? Or has Fobi just been over hyped? I Have never seen a company with this much positive news released into the market place take so many negative hits. Maybe someone(other than the basher group) could offer a suitable explanation. With this market correction looming, I have my doubts things will improve anytime soon. gl
* bought a few in the 60's