I don't like to be the Devil's advocate on this one but a Company I know (just released their results) has $50+ millions ($USD) Revenue 50% increase on previous year being a December year end. (And plenty cash receipts from customers.)
It has a Net Profit after Tax of $7+ millions up 8000% on the previous year.
It is valued by Brokers at 50 cents plus and has over a few months gone from 20+ cents to 3+ cents as we speak totally different market and valuation but yes it has been affected by this World crisis...
Even a Biotech Company who claims it has some potential Coronavirus vaccine components in their current studies current share price has plummeted too.
I do hate these facts don't take me wrong...
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