I predict bad/non-news.

I think they have functional hardware and are working on getting it up and running.  I think they don't care about share price staying up; in fact, i think they are trying to keep/bring it down with these terrible announcements.  They almost comically contain no relevant content and always come out at the last possible second.  The announcements are also very efficient at moving the price of the stock.  I think LC believes in their company and is trying to acquire more of it "in-house" with these swings.  That's why they haven't sold any shares but haven't locked them with Burnside as to maintain speculation and price swings.  Not until more of the company is self acquired will we see real progress in these announcements, and they will have built a large company off a free loan in the form of their IPO.

I think holding for the long term will be rewarded but there could be some incredible downward swings in the meantime as stronger and stronger hands are shaken out by worse and worse news.