Ben, that is nothing more than a sale on shares and an easy way to average down to me. I have done it for the last 40 years and made millions. Right now there are few stocks that did not come back, even gold. I held Gold stocks from 1982 for over 2 decades, no profit. Then in the mid 2000s they took off. I got out with a 400% profit, but I had to wait 25 years. Nike and Disney were crushed in 1987, made a lot of profit om them all the way up after that. Who knows where SQNM will go, but I will only sell a portion when the p/sales crosses 10 and I can get my initial investment out with only 1/4 the shares I originally bought.
it really should be up a lot more, just based on the comparisons its trading at a steep discount even though its one of the few in the space that is actually growing and has a leading position. this low valuation is all due to management being absolutely horrible in terms of exhibiting strength and leadership. however the technology and company itself are market leaders in a space where smaller weaker competitors were bought at 5-7x sales. that would make this a $7 stock just based on comparisons to weaker competitors.