Both of you say, You talked to CFO Rossi and felt comfortable. How would you explain the drop today? Don't you see you are not looking at the same company you did two weeks ago? The name is tarnished, it seems. Competitors would take this and take away OVTI's business in matter of time. Buyers will hezitate to book orders with OVTI for uncertainity around their ongoing business as usual.
Originally last Thursday, I thought I'll get in. Now I think not, should wait until clouds clear.
People got disappointed for none of their own fault. They are keep dumping , i guess.
See what happened with RHAT today. Same company , beat expectation on lower than street revenue numbers but higher than last year and other numbers they all came good. But the uncertainity regarding the management is taking RHAT down now. Until cloud clears up there , it's not a buy, so is OVTI. imo.