I am starting to watch this one again NL - just to see if it can bottom out and what happens thereafter
Still very reticent to re-enter while the actual revenue is so low - it is high risk and if they don't come up with the revenue $ in the bank account it could turn into a real mess
They are still burning far too much money for too little return IMO for my liking - they needs concrete evidence now - they have a salable product (and none of this blah blah about not understanding tech companies thanks)
In terms of TA I would expect some form of capitulation - your $1.30 area may be right for that - on high volume - then a sharp bounce...then some form of consolidation over weeks/months creating
It may be a while until this finally bottoms out and and real climb starts (but it does look like a first bottom could be put in soon)
1PG Price at posting:
$1.48 Sentiment: Sell Disclosure: Not Held