Re: My latest effort to pour money down the toilet before flushing it
The gap filled on DNDN this morning, and my long standing order to buy a chunk filled. Now i do not understand gap theory at all, and a new gap opened so that the old one was filled, and it doesn't seem to me like that should count. Stock now trading around where it was before approval in 2009. It has turnarund a lot from the lofty levels reached post-approval. i am hoping it will turnarund again from here. so comparing now to then....
of course a lot more shares outstanding
continue to burn an incredible amount of cash
very aggressive claim about the level of sales required to get to cash flow break even (they never talk about becoming profitable so far as i can tell)
no convincing evidence they can get sales to the level required to stop bleeding cash, if one is objective (A/K/A on the DNDN board as a 'basher')
competition arriving, although the True believers argue this is not really competition, but rather a synergistic sequencing issue that the unwashed just do not yet appreciate. |