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..
will be significantly positive. for example last yr revs are about 5.5M Q1,.... and this announcement has this yr Q1 at about 18.5M........... this willl expand in all the qtrs going forward. Lets not forget too that 18% of the VC shareholders own stock at 4.50 p share...... we are not done yet
i am long, but there ties to china and being small, are likely crushing the sentiment.... at it looks like only sellers are lining up, not many buyers
I have been in this stock for more than 2 years. this big run is mostly short covering pressure. that means stock prices can over react and not be based on fundementals, it also can mean we do not have new shareholders or institutional ownership per se. so short of a very signifcant major announcement - basic trading practice is dont think we are growing to the moon. there is alot more short pressure ahead, so stock price is getting alittle ahead of itself about here. IMO. (sold of few covered calls for Aug.)