Sep. 10 at 8:10 PM
$ALMU POOF! That's how you make
$80 million go up in smoke. This is 100% on management. The guidance, the insider sale plan for 400K shares, overpromise/underdeliver, a CFO that didn't inspire, an IR that continues to suck. The CEO had an aura of power before, brilliant scientist, ready to disrupt the semi world. Now, there is doubt. Does he really have the tech to disrupt? Can he deliver? Why is it taking forever? Why would he ever sell shares if he is going to disrupt so many verticals? When in doubt, sell, and that's what investors did today. The company's understanding of how Wall Street works needs to change. They fumbled, badly. Now the only recovery is the signing of contracts, and we know that there is absolutely nothing imminent(if we take the info from the call). Dead money. Dead stock. Waste off effort until they get commercial validation.
