Sick of seeing this in a downward spiral as I'm sure are many punters holding here, but in my opinion , given the $100m plus MC, and only $22m MC, (an EV of a high $80m), it would appear this could fall much further?
Is an $80m EV sustainable in this market, imo probably not, a $30m EV would sound more on the money which would give a SP here of 4 cents which could still be viewed as high?
Time will tell, this company needs to find an investor wanting in to stop the bleeding in my opinion , but how and why ? Thoughts
