It was hedgefund - that is why the stock is trading 20% lower than last quarter. But finally all of the bad news is out and at the current price the stock is trading at about 60% of projected revenues. Yes, sometimes the strategic deals take a while to generate revenue - this could be a $20 stock in 18 months (also could be a $2 stock), but I will take a 500% upside against a 50% downside any day. They have enough cash that they aren't going broke anytime soon, patents worth something, revenue of $65 million worth something and $100 million of tax loss carry forwards worth a lot. Also, carrying nearly $5 million of deferred revenue into q3 (ie they likely got paid on it, but could not recognize as they have not implemented. Thus, 3rd quarter should be decent. Seems like a no brainer at this price.
In summary, what a great buying opportunity for all. The stock is on sale - sorry for those that bought when it was pricey, but this is your chance lower your average cost. Damn little down side at this price.