Your post is an example of what I am saying. A faithful or some faithful shareholders going against the greater market with a narrative or perhaps even comparative logic it will come good. Cudos to you if that's how u feel. It may do so. In time. The investors themselves will incite that SP recovery when evidence of meaningful revenues are seen. I don't thk they are even too fussed about +ve earnings vs the heavy cash burn. Just a good quarter of revenue will do it.
However until that happens, investors will sell down to what they thk it is worth.
Today's big sell is pasted below ( extracted fr stocknessminster.com) - 2mill shares dumped into.
I had a hold sentiment on this @12c as I admit I genuinely thought it would hold, to SH benefit, but 12c breach all bets R off. Sentiment changed to none, as some large holders must be further selling. I will not argue against that.