I've been watching this stock for sometime.
Not sure how charts can possibly guide you here?
This stock is a "show me the money" stock as far as I can see.
These are the facts as I see them:
These guys listed with a broker & PR adviser that were only interested in hyping the stock - and did a great job.
They gave guidance in Feb last year that should be deemed criminal - 125 paying users by January-April 2016 (now ~10?)
Such users were implied to deliver ~$300k on average - last 4C annualised revenue $3.8m.
Canacord Published numbers accordingly - and now look like dills.
This was given at a time when the final version of the product was ~6-months from release date.
After release they changed their business model from the "one-page" assessment to "curated talent pools", whatever that means.
They issued over valued stock to sucker offshore investors to acquire talent to actually build a real product.
They have still delivered nothing in terms of cash flow.
All involved still have jobs - unbelievable.
So how can anybody seriously look to invest in such a company?
The only positives that I can see:
Cash down to around $36m by July-31 (20cps) - so paying 20cps (or $35m for "core" business)
Acquired staff and IP together with existing staff must be building some serious algo's with mall that talent.
Board & IR changes may provide some increased focus - but most were part of the original problem (KTM & Asian Broker)
Forget charts - look for promises to match cash flow, some staff changes and humility.
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