That's an obvious one yes, but the reason is as I stated before and perhaps the results (in which UBN missed prospectus forecasts) weren't what they were hoping for. I think it's a pretty interesting company with a very good product but from experience it's gotten too far ahead of itself with multiples not justifying its lofty price and valuation. The results for me were very good, with the miss explained fairly well (driving growth). Another point is because its still very early in the growth of the company, it's difficult to gauge how revenues will behave on a regular basis. Looking at the business model the revenue side of things looks reasonable although a little light on $$$ at this stage.
UBN Price at posting:
84.0¢ Sentiment: None Disclosure: Not Held
