by my calcs they'll have $3m in bank come december quarter, receipts not included (which are increasing). therefore no real need to raise capital in a hurry.
product seems promising in what it can offer - blue sky potential and it's available now, for under $30m mc - seems a lot of the hard work has been done.
this is my 5 minute assessment. i'm more chart biased
chart-wise, movement upwards was held back by supply from those happy to get out at break even or a profit. imo, not smart selling as a long term strategy from which they found themselves in if the stock is good.
should be support around 28-29c, that's 3-4c lower than today's close - not much for a illiquid stock although i personally wouldn't like to see it stay there too long if it decides to go visit.
weekly showing supply zone below in grey. as a long term indicator, the close was quite strong and the majority of existing holders are near, or at a profit - if they're selling, why?
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