I have lost about 17% of my investment believing this will...

I have lost about 17% of my investment believing this will recover, but sold last week due to following reasons

1. The IOU chart is bear, it is making low lows every fortnight. The share price may settle around $0.25 by coming Friday and with credible news it may run up to $0.30 and again decline to same $0.25 -$0.20 by end of June
2. Only once IOU had three consecutive green days since a transient run in Feb, it is loosing its value every week.
3. There is very low chance that its BPNL business will be successful in SAE otherwise market giant like APT and Z1P has already launched its product or acquired a successful BPNL.
4. The margin in SEA will be low and making profit from BPNL requires a huge customer base (with AUD $300= RMB1000) it will be mammoth task to make it profitable and at we need to wait at least 2 quarter to see how it is performing
5 IOU seems to be putting its hand every where rather than focusing in its core business, digital payment, BPNL, Digital Banking and don't know what's new...
6. The revenue of $3.5 does not support its market cap.
7. IOU is still sitting with $50M cash from CR and they do not know what they will be doing with their cash.
8. The delay in hard launce will further deteriorate shareholders faith, and current COVID crisis in Malaysia is not heling any business.