You see it burning cash for another 2 years Reducing cash to an unacceptably low buffer meaning raise(s) required but when it does make profit, it'll be a whopping $300,000 for investors (what are the retained losses again, anyone?) while it's current market cap is $60m........
....and you have a BUY SENTIMENT on it?
This forum has been a total failure, saturated with low-tier analysis from the cheer squad not accepting reality. It's drawn in so many poor investors for the ride down. Of course, they will criticise the bears on here, diminishing them as "trolls" and helping no one.
But they've got it back to front.
Consider this:
If there was no overly bullish analysis from the cheer squad which fooled most holders with impossible expectations, then the price wouldn't have risen 10-15x. Hence there would've been no 90% fall back down on inevitable but gradual realisation.
If the stock had nothing but realists and bears in here, then my guess it probably would've moved around a little but stayed under 5c the last couple of years.
Sounds bad right?
... at least 90%+ of the holders wouldn't be underwater.
(20min delay)