This is turning into a bloodbath. The only thing to turn it around atm is good results. Seriously, where is that going to come from in a short space of time considering the cash burn and slow up take in product?
Fair enough, you could say its weak hands. Then what? It "bounces" to $1 AKA 1c. Wowee. To get back to where many bought in or topped up we will need to hit multiple dollars now. Around the GE pump we got to around 6c from memory. I cant see that happening again soon. We have been well and truly screwed by the board on this one.
Like TD said, mike and the team have tried to turn the ship around. But its not working. The consolidation has nothing to do with covid and look at the impact already. I think its time for a change at the top. We need to push ahead with ISA's / GE throughout the entire USA for one.
I love the OSP story. A part of me says avg down but ive put enough cash in this already that i can see it being a large write off.
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