Given its cash backing.....certainly its enterprise value, at least.... of 1.5 cents is the cheapest the stock has been since listing. EV value of about $12m and they will soon report $20m profit for the half.
I cant recall, what was a top 300 type stock (several weeks ago) at cash backing.
Maybe that selling by the CEO was some sort of board room issue....look for any staff changes at the top also (would not hurt the share price one little bit)
I think the share price driver in the short term..... (and just the sort of stock to gap very hard, on news) are the new deals that currently are being looked at....remember comments from the Dec quarterly that already a number of new opportunities were being examined.
They certainly have talked up their own technical abilities and to grab just the right opportunity when its presents.
......on the cusp of a technical bounce very soon, as a starter, would be my view.
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