I Disagree, MC means f* all to sexy stocks that the masses blindly want a piece of, Tsla etc
Not penny stocks like this.
Market Cap is very important when taking on spekki stocks like this.
The fact we have 22m in the bank and expecting 9m revenue this year and our MC is only 30m... That means there is great Value here currently especially when you consider the product on top of these figures
Also the company mentioned they expect to be cash flow neutral and ''may'' not need another cap raise. Here's hoping for that.
If all guidelines are hit and some beaten I would hope, along with continued growth this should rise no matter what.
I know its great that one or two trades can make this thing appear 20% more valuable but for the long term growth and hopefully the added liquidity its better that we consolidate.
What I will be watching for is the dwindling of the 22m and the growth of sales.
If the 22m dwindles fast and growth doesn't inversely go up.
well then that is when we can all be worried.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 10000 | 10.0¢ |
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No. | Vol. | Price($) |
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1 | 10309 | 0.097 |
2 | 20047 | 0.096 |
5 | 83159 | 0.095 |
1 | 10000 | 0.091 |
Price($) | Vol. | No. |
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0.115 | 1429 | 1 |
0.130 | 15000 | 1 |
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