I don't think this stock is dead and think its plausible it has a future, I just think that for the next four years it is going to serve more as a means of filling directors pockets than putting a rocket under the share price. How are you going to value this stock and why is it worth anything currently when good news is SOOO far away? And again, various technical indicators such as donchian channels, keltner and stochastics still call this a sell, the linear trend is being followed very strongly and there is a gap that needs to be filled at 1.65c. I don't think the stock is dead yet, it has quite a lot lower to fall in my opinion and there is a point where directors heads will be on the chopping block if the share price gets too low.
Clearly you know the difference between earnings and revenue, but a few hours ago I mentioned earnings and someone else tried to refute my claim using revenue, so not everyone here does.
Again do your own research and this is just my opinion, but I see no evidence coming out of the company currently to suggest sentiment will change in your favour quickly.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 20100 | 0.061 |
1 | 86000 | 0.055 |
1 | 55000 | 0.053 |
1 | 13890 | 0.036 |
Price($) | Vol. | No. |
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0.105 | 1524 | 1 |
0.175 | 22450 | 1 |
0.180 | 30000 | 1 |
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