The price action says either something is fundamentally wrong with the company e.g. accounting fraud, (which has yet to surface) or we are victims of a highly successful and unethical short and distort campaign. Clearly the shorts have huge money at stake and seem willing to do almost anything to crush the price. One of the goals of short and distort is to raise questions.
The price action says either something is fundamentally wrong with the company e.g. accounting fraud, (which has yet to surface)
I think "TRUST" is a major issue for a company that more than doubles the revenues each of the last four years but the PPS has gone nowhere or down! Now the analysts have lowered next quarter, current year, and next year estimates after zagg failure to meet last quarter est. ZAGG may have topped out from that 2x growth and everything points to a down trend . ZAGG needs some upside surprises to turn things around and it just may happen soon. The low PPS makes it an easy takeover.
I said it earlier that we are all under attack in this stock. This is a serious, sustained bear raid designed to make us give up and sell our stock. Their ultimate goal is to push this stock down below $5 to force institutional holders to sell.
Eventually they will cover, and they will trip over themselves trying not to be the last one out the door. With the large short position, and the thin float, this could be a historic short squeeze. I just hope I'm still here to see it, it's been tough for us long term longs. I believe in this business, and will hang in there until this stock becomes fairly valued.