What lying? I've been looking at this stock when it was like 45c preconsodation or $2.20 post consolidation.
And could see the numbers weren't right which is why there has been a downward trend..
Sure there are traders that trade the ups and downs depending on market sentiment but the trend is pretty clear overall.. which is down since beginning of this year.
And lots of holders always wondered why the heck share price drop on every shipment but it was pretty clear based on continued losses.
Again, while they are making gross profit per shipment now, but this does not include finance costs, and other expenses and so I would expect that the next quarterly to be negative.
I like looking at margins as it gives an indication of how profitable one is.. I don't mind trading the swings but fundamentally, GXY is still losing money at this stage.
GXY Price at posting:
$1.76 Sentiment: Sell Disclosure: Not Held
