why would someone short be afraid of a company whose CEO is a consultant operating out of a Dubai-listed LLC? seriously? you wonder why this joy ride has come to an abrupt halt. everything about these guys smacks of problematic. they have ZERO intellectual property and have spent hundreds of millions buying questionable businesses. to boot, they are competing with some serious companies that actually do have recurring revenue. good luck if you are long this stock.
So Keith you think the explosive growth in IPTV worldwide is an illusion? Apple TV is based on TV through the internet and KITD helps content providers squeeze their programs etc into the box. The USA is way behind in adoption of IPTV. I see the angst some carry over growth by acquisition but as a result of the land grab Kaleil has the largest percentage of business in the space, worldwide.
Im sure there has been some covering the last few days. In fact, I would say the majority of the buying is short covering since there really isn't any news to generate new buys. I'm thinking they are trying to quietly cover to lock in profits, but with virtually no selling at this level, it's hard to cover without moving the price up.
I wonder what the shorters are still waiting for. I don't think the price can get any lower than 8.6 as we saw, so why are they not covering? Do all the 20M+ shares holders think the pre-results are fraud and it's going to get even lower? I (with buying price at 11$ average) am starting to get nervous.