remember the 18%shareholders in merger took all there stock at 4.50$/sh back in March 2015. Ouch. So now ANOTHER secondary is issued at $1.57 (one year after the previous issue ance)
Not a happy shareholder, will watch to see if they can pull some surprises but so far they are not making it worth the wait at this point.
i think the market hates the fact that CEO controls about 70% of the stock. makes it a private company for all purposes with shareholders who cant move or influence any aspect of compny. it also makes it a target of manipulation as we all see clearly.
The report, in its brief critique, was mainly Qd up for short cover "opening". Thank you Morgan Stanley.
That said, their concern is legit, but its not new. So its the timeliness of the exploitation that I find very questionable.
All the future projections for earnings in 2016, just recently vanished. Now projections show nothing out to 2017. A good reason for the stock to drop by 50 %. Its either a great set up to beat expectations, or now, a very long wait to profitability. They need a very big deal or ramp up
clearly a hedgy or short is in full control, hammering the stock, on top of overall market sentiment which is poor. they need some big new biz or client to really drive this, and visibility
needham confr. had zero impact. they have to really prove convincingly, they can ramp signif. rev growth and take new biz from what every FB and others are doing in mobile. I am in deep, long.... but i think thats the big concern, can they really make a profitable company out of there approach....
this might be worth playing on the next up cycle. valuation is very low. they have nearly 3 bucks/pr in cash and book of almost 5.50 /. After next weeks qtr. news lets see how thats digested. Huge insider buying over the past year at much much higher prices than today.... looks like over reaction here to downside. lets see
i am thinking lojn will be sold or taken private within the next year or so. some very big shareholders controlling company and it seems like there in it to win, so i think we are taken out at 7-8 in the next 2 yrs or less..