On 10/7/2021 at 3:39 PM, Scott Robison said:
Certainly you are correct, for some people, news is necessary to have confidence. Other people have different ways of viewing a lack of updated information. "No news is bad news" or "no news is good news" or "no news is simply no news".
If the August 19th announcement hadn't been made, I would have 100% agreed with you.
But that is NOT the same situation we are in today. The situation totally changed when he made that announcement. Something fundamental.
When the last news was 100% uncertainty and BAD NEWS, any future lack of news is not good or neutral, but bad. I'm sorry, that's just the way it works. I'd like you to give me another real-life example where someone dishes out some serious, wet-blanket, party-killing bad news, then others are supposed to interpret "no news" as either "good news" or "no news". I'll be waiting. If I were running a business, developing a hardware product that took years, I would expect investors/supporters/early adopting customers to be patient, trust the process, have faith, etc. and I wouldn't be unreasonable.
But if I put on the company homepage one day, "I don't know, guys. We have shortages. This whole idea really isn't feasible. It would take too much space for storage, and I'm not looking to start a warehouse. Maybe I should develop this other product over here instead? Do you guys REALLY want this product? I don't know how I'm going to bring this product to market. What do you think I should do? (Give them a few options)" and basically throw everything up in the air, then give NO UPDATES for 49 days, what do you suppose MOST investors would say/do?
There might be a couple sanguine temperaments saying "Oh I'm sure everything will work out!
?"
But for every one of those sanguine types, there would be at least 20-30 saying "OH CRAP. I hope we don't lose everything we've invested in this thing."