Nothing happened. After hours volume was 11,674 and all shares traded around the closing price, with the exception of the last 15 shares which traded at a rediculous premium.
but I will be surprised if some big boys don't start increasing their positions. The company sounds stable and positioned for growth. -time to go long!!!
Phil, I do appreciate your viewpoint as there are very few who even want to comment on this Company's situation. I would argue this point. The day before this last earnings, and for the 3 months since last earnings, there was an expectation for loss and for 1.1M in revenues this quarter. So the rev miss was small and EPS was better than expectation. Two months ago the expectation was the same and the price was over $2. If investors were thinking of 6M in revenues this quarter, and MOSY reported 1M then I would understand a 20% drop. But the fact is that results from ernings were 'solid" in my words for a company that is just trying to get things going. and the following day, the drawdown was slow, and on very small volume considering the % drop. For these reasons I believe that sitting tight is the best move. Good things can happen.
I think you used that same joke last year about this time, didn't ya. and MOSY is still here. but you are right that todays action is funny. another quarter of steady progress and the company loses 20 % of it's value. -you don't think that forces are at work to depress the stock price even lower to remove unwanted shares from those who will part with them at this price. ...I do.
Over the last five months the selling pressure has been very weak. I would be hoping that another inside purchase would start to ignite a speculative run as Len is making us believe that we are so close to seeing some tangible results.
Two Directors cashed out a total of 40,000 shares earlier this month. Shares came during cash raise at $1.60 for a quick gain. Hope we don't see more selling as 2Q earnings inch closer.
I'm with ya Rolli. Still have every share. Nearly added a bit more at 1.95 but missed out. Should be exciting in the months to come.
Your theory is feeling more believable as the stock price has deteriorated of late. -So why the heck would Perham back this last fundraising mission with 480k of his own money? Just so he could have a job for a couple more years?
Two more questions I have for you phil, and I do appreciate your honest input; What do you make of the institutional holdings of late, so much more bought than sold. and secondly, can't they bring down costs immensly once the products are moving out the door. I have the notion that the quarterly burn will be reduced as the sales increase. At least that is the picture that len has painted. He seems to not care so much that all the R&D guys are "hanging around" still as BE2 is starting to move. I can only think that his nonchalant attitude toward low or negative margins is because it is a temporary issue which would eventually be overcome by significant sales. Are you saying that he is being that deceptive on the last 3 conference calls?