I disagree. The share price is appropriate for the future potential of this company.
In 6 months time they will announce that they have lost $600k for the half year but their incomes are weighted to the next half, and then they will report at the next 6 month that they lost $1.2mil again for the year but the future pipeline looks great.
Its like they just copy and paste from the last reports and the market keeps swallowing it.
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