you would think so but, imo, this is not usually the case, have noticed that the sp of penny dreadfuls, which this stock is most certainly is, usually maintain their sp, the sell off will either continue or the next ‘pump’ begin, the former the less desired outcome.
the dwindling sp possibly factoring in the next CR, to be done well before the end of year, September time frame.
could also be attributed to a major holder exiting for whatever agenda.
the realisation that 2028, the projected commercialisation date, should also be considered, the sp should be at what levels, now/ and for the forthcoming three years to achieve that outcome.
the Company would never, or any Company for that matter, ever be that transparent in forecasting this fact,; the level of what the sp should be in that interim.
no way known that 2028 commercialisation will happen at the current level of this sp, for that to happen the sp should already be in the $30, AU dollars range.
this CEO has way over promised and way over undelivered, though this stock may a Penny dreadful stock, this CEO has never ever tempered his spiel, it most undoubtedly borders on questionable ethics, I challenge anybody to refute this.
imo, not advice.
AVR Price at posting:
$6.50 Sentiment: None Disclosure: Not Held
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