revenue isnt profit. This company is losing $3m in cash per...

revenue isnt profit. This company is losing $3m in cash per quarter DESPITE earning a bit of revenue. That means they will run out of money later this year and will need to do another capital raise to avoid bankruptcy. This is compounded by a weak market, negative sentiment in the 'metaverse' space and investors switching out of cash-burning tech stocks and into profitable/yield plays. That means they will need to raise money at a lower price which is another factor contributing to the continued sell off. There is a real risk that Vection will end up at 2-3c later this year which would cap it at circa $25m and that would make perfect sense given their situation.