Nice letter from Steven but I think that the current group of investors have lost faith. At every level of investment, a corresponding sell off without significant revenues or even new business has taken the share value even lower. I don't see a flurry of activity to bring in new interest and therefore will stay on the sideline. Currently there is nothing to make one think a swing is coming.
Its simple, they give stock in return for investment and those holders rather then having a long term vision for the company, immediately begin selling and so the value goes too. Seems to me whatever IR they had has quieted. These guys just need to decide if they are ramping up opeerations or sitting coy. It just gets tougher if they start using shares as cash.