Been analysing what's been going on, trying to figure it out Why is BOT stuck?
Double CR. As a casual observer looks at BOT and sees they've raised a 2nd time prior to significant sales. Are these guys already out of money, or sales not going as well as expected?
Anyone that does a little bit of digging will know that first sign of sales is so significant they fell under 2 qtrs of funding available and needed to raise not to stall out. The delay in payments from insurance (which I'm not criticising) is critical. Definitely unfortunate, and on the flip side stalled any forward momentum. So of course people are cautious and therefore still assign a risk that don't want to take on, so we need to wait 47 days to end of QTR and 77 days for the release of the qtrly. While they more than likely not provide an update specifically on sales, I hope they are interviewed during the next 47 days to put the fishing lines out saying sales are still exceeding forecasts and refills are providing a great return too.
In closing I'm with you Mars, $1 at least by the end of the year. Not allowing the daily swings to cause undue stress, knowing what we have and the multiplier of refills. Don't forget where we would be if we didn't have the label debacle
BOT Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held
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