Traded as low as 1.65 today. This is going to under 1.5 with a bad dividend next wednesday
I strongly suspect FC will make an announcement before then. If a poor Wednesday dividend comes and goes with no news, 1.5 would seem a generous backstop.
I don't think FC cares about the share price. He cares about performance of the company.
Yes, but we're setting records for the least communication just as the most things to communicate about should be happening.
He has released big updates around the 22-23rd of the month a couple times. It will speak clearly of the state of things if he does not.
He will say gen 2 is moving along. Dividends being retained for R&D. There will be no precise dates or figures. Only generalities. What is that really worth?
Worth nothing really. But words are cheap. BFL, activemining were full of words ......... who can give precise dates, except people that lie?
He will say very little, as he always does, but so what? Microsoft don't sit there telling their competitors what they are going to to in advance until they absolutely have to. FC just doesn't have to. He has nothing to gain from it.
People say "it doesn't affect competitors" but I bet it darned well does. If FC announced Gen2 was launching on November 17th, do you think competitors will care? Of course they will. They will do everything in their power to beat FC to the punch. There is nothing like "fear of being beaten / bankrupt" to incentivise people to work harder.
Never incentivise your competition.