Augme ran pre-earnings mostly because of penny stock promotion that had nothing to do with the company. I saw various outlets promoting "get in pre-earnings for a huge pop". The subsequent selloff is related to all of those #$%$ traders closing out their positions and a sever lack of liquidity to absorb all of the shares bought the prior day.
The quarter was excellent falling near the top of guidance and even over guidance according to Spetty's numbers. The call was excellent with a ton of information that needs to be digested. The IP was represented perfectly in the 10Q and on the call. It is a waste of time to go into the IP details because only a small subset of investors actually know how it works.
They need to raise cash again. Big deal. That was known on the last call. I have been parroting the cash raises since April of last year. Hussey was able to raise $6.2M with a cloud of uncertainty facing the company and a couple of weeks on the job. With another quarter showing strong growth behind them they will easily raise any money to fund the company before break even. Whoever participates in the
My advice: stay patient and avoid the message board garbage.