1. Market cap at 20x revenue, 2. Lost $30M in the last 3 fiscal years alone, $140M+ to-date. 3. AIS was $1.76 on Dec. 18, 2011 with record high volume of 9M shares, at current price on a fraction of volume.
VHCP sold out of three positions - 6.7 million shares of AIS at the bottom ($13 million mistake). They also sold out of AFFY with over 16 million shares at the bottom. ($96 million mistake for not holding 3 months longer) Finally they sold out of ITMN, 1.9 million shares ($4 million mistake) The fund manager should be fired.