Ann: Named member of CLAWS Hub in the US Microelectronics Commons, page-32

Some points:

1) Downtrend has been broken
2) large yellow box is an area of resistance from earlier in 2023. Needs to break through 6 to clear that, and I think that's dependent on cash ( see below).
3) There is a historical gap around 7c for those who care about such things.
4) Largest volume today for a while on what was a non price sensitive announcement. But you would have to be blind not to see this is a real momentum kicker.
5) Last Qtr 4c has only 1 quarter of cash left. $7m due for FY 2023 R&D in September but has not arrived. Talk in 4c that could be financed if not received. Also likely to be more in FY2024.
6) Orders, despite none being material are continuing, including first second order.
7) Cash injection re todays announcement will be forthcoming, probably soon.

Props have appeared today on the buy side well out of reach of sellers, and normally I would be smelling a CR in the wind. I do believe they would want to hold off on raising any further money for as long as possible, but something to keep in the back of the mind. I wouldn't be averse to a cornerstone investor with a decent chunk of US$'s though, esp. as macro picture looks hideous.