After the GFC the tech-stocks of all kinds emerged and due to the "free" money for investing almost all those stocks got heavily overvalued. Based back then just on potential all of them now get valued based on profitability, hence almost all got crashed more than 90-99% off their peak. Some will survive if they can demonstrate CF+ and then steady profitability. CC5 is one of them but until the numbers confirm the board's promise the sp will be subdued. All the "CC5s" of the world should have never IPOed that high or being valued that much but that's the market. Overvalued back then and most likely undervalued now.
Time will tell but if the board told us the truth, then good times are ahead. If they lied, then we can kiss our money goodbye. Similar stories at W2V, DVL, SPX, BDX, EYE, IPD.......
CC5 Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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