Long term prospects are undoubtedly bright. But if you think the DT's constantly milking the SP as it tries to grow only has a temporary effect you obviously don't have a clue as to Company financing. The damage done to the SP this week would translate into the company having to issue an extra 100m shares if it needed to do a CR; based on the loss of MC !..
We were well on the way to $4 by Christmas, we will now be lucky to make $3. DT's have effectively wiped $200M from our MC, and we have lost all of the momentum from the Coola announcement. Day trading is not harmless it has a cumulative effect. So don't come whinging about Dilution next time any Company you hold shares in has to do a CR !
A companies Shares Price is backed by its Fundamental metrics it therefore has a finite Value, it is NOT a Fiat instrument like a Currency eg US$ which is largely independent of any asset backing.
PM8 Price at posting:
$1.38 Sentiment: Buy Disclosure: Held
