RE:Is my investement thesis broken ? That seems about right, Frozen.
It would be unwise to unload at this stage, IMO. SP drops alway level off and crawl back up...even if next quarter could see it drop further. I suppose it all depends on what price you bought them for.
Not sure about Xtra shares exacting a cost "premium". They are nearly 10% less than Evolv.
The concern most of us have here, is that Evans will hump the bunk yet again and bungle the release of One Gateway by failing to market it properly.
It's safe to say if Evans continues to avoid promoting the stock side, and mismanage the sales/production/promotion of One Gateway...combine with the continued SP manipulation...Q3 and Q4 will severely underwhelm and we don't break .80 cents.
For me, if we peak in the 80 cent range and level off or drop again- and One Gateway is out there full capacity- I'm cashing in my chips.
At that point , IMO, this stock is too risky for my comfort level.