Yep, don’t look to explain the drop from $1.90 to $1.30 with ‘something must be going on’ at the company micro level...
There’s a couple of ‘minor’ (tongue in cheek) news items out there at the moment (Evergrande and the US debt ceiling) that are rightly spooking markets. The financial world may be a very different place in a couple of months’ time. That could mean markets generally operating on revised (lower) revenue multiples, which in turn will affect AB1’s valuation, and eventual listing price.
AB1 Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held