Jun. 13 at 2:14 PM
$UMAV
Hi team,
I’ve been thinking seriously about our position in this company. Until the airship gets off the ground and they hit the key milestones needed to finalize those LOIs, I believe we should hold off on putting in any more money.
Right now, our buying supports the stock price—but without real progress, it just allows the CEO to dilute further and profit off retail investors. That’s not sustainable, and it’s hurting us.
Also, by continuing to buy the dip, we may unintentionally provide more shares for shorts to borrow, which adds more downward pressure on the stock.
Let’s stop the bleeding and wait for actual execution before we consider adding to our position again.