it's just the beginning for Cirralto!, page-9439

I try not to look into share price movements but been trying to learn TA. It's a difficult skill. Anyway I gave it a go...

Here's my analysis:
- Before the unexpected pump CRO was around 6.x range
- ABC wrote an article about BNPL and market went crazy, in particular IOU
- CRO/CROO was late to the party (I think coz not many understood the business and that it's also part of the BNPL club)
- CRO went crazy to 21c and settled around 12-16c
- BOD took the opportunity for capital raise requested by registered investors (Options in particular became very attractive with exercise expiry not until 2023)

- Market cap sentiment was 8c before the cap although was trading 6.x range
- CR was for 9c per share, hence initial sell off when trading at 10-13c
- 2nd sell off (I believe) was coz nothing really changed with the company so market cap sentiment at share price 8c (for those who bothered paying attention) was the target
- Anyone who got in (6.x cents) before the BNPL frenzy still makes a nice profit despite the down turn

So IMO anything less than 8c is a bargain coz the CR would increase the $ value of company. $18M + Options if/when converted got registered investors signing up to 9c per share.

My forecast: Dependent on the independent re-evaluation results but should not be trading anything less than 12c after Q3FY21. If the quarterly report suggests exponential growth of user take up, I'll be surprised if I see CRO trading for less than 15c. So my personal target at EOFY is double that at 30c.

If only I had the capital to top up today I would *sigh*