unfortunately this company has high cash burn and disrespects shareholders money. how a company can burn over a million per quarter with cash running low, is a concern to say the least. a companies value will increase when their profit increases. I believe they have a service in need. I believe they are working hard to get more income. however the reason this company will prob drop to 7 or 8c is because the next 4c will be disappointing again and investors will see a CR on the horizon.
if they made an announcement to show how and when they plan to be cash positive with a plan to reduce expenditure, the company should rerate to 15c but from an outsiders point of view the risk outweighs reward until proven otherwise. personally I hope the SP drops to get a good entry point. if they sign another big name or receipts increase dramatically I will have missed my chance.
YOJ Price at posting:
9.6¢ Sentiment: None Disclosure: Not Held
