Completely agree. I was a holder but closed out my position on the last run as the selling was well and truly too oppressive. The downtrend has been very long.
This is the do or die raise here. I'm glad I didn't participate in the 20c one which was completely botched. And they've done another raise at a deep discount in a price downtrend. From a corporate point of view they've really failed shareholders.
If they can't execute with a few large bluechip clients which has large scope to scale then management are really failing in commercialising all these strings in the bow that Envirosuite claims to have now.
Also I wouldn't look too much into today's price pop post raise. Most of the time this markup is generated so the instos have some meat on the bone to profit from their placement as they slowly distribute it into strength. And then they move onto the next raise.
EVS Price at posting:
11.5¢ Sentiment: Hold Disclosure: Not Held
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