I've just reviewed the financials. They are truly terrible. Underlying EBITDA loss of $2.1m! Declining revenue, increasing costs. Maybe we'll get lucky with the external investments on the B/S below:
It's disappointing to see that the lead and second headline in the announcement is about rebranding and development. This should be at the bottom. of the release. Where are the KPIs and performance measures?
I can see why the price is drifting down and it will continue to do so until something significant and commercial is announced.
I've traded this share since 2015 and have ridden the lows and lows (admittedly there were a few highs).
Wishing all holders the best, but I do see much better places to put my cash than this share. I'll start offloading.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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14 | 2451999 | 0.015 |
7 | 2165510 | 0.014 |
7 | 3274277 | 0.013 |
5 | 2441750 | 0.012 |
Price($) | Vol. | No. |
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0.018 | 720000 | 3 |
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