Just watched the 2022 FY webinar again, one thing that would be interesting to consider is the fact that cash flow would have to be close to positive if not well in the clear to complete the buyback, which would excite the market greatly. I think in order to get this one back on track the market would like to see the cash burn reduce significantly and revenue increase in line with there proposed expansion plans they have been rolling out.
If we can see some improving profit figures over the next couple of quarters this is a 4-5c stock very easily, there is just nothing currently to suggest that the tide is changing. I would much rather wait to see that the tide has changed rather than jump in now and flipping a coin on the result. I think it is a smart idea to pay a little more here once it runs, which will ultimately reduce your risk of investing short or long-term.
TOY Price at posting:
1.4¢ Sentiment: Hold Disclosure: Not Held
