"most of the chickens have now come home to roost".....
Really?, that was claimed when the SP was at $0.50, $0.40, $0.30, and now $0.20..... Cold hard truth is its been a dud these past 18mths.....all the excuses have been used and heard....."ran ahead of itself"...."correct price now" $0.30... 2 years ago...it was "waiting a couple of years n its gonna be above $1"...etc etc...
Its in a hell of a better position than hundreds of micro caps on the ASX ...yet it lags behind hundreds of rubbish micro caps that are still losing money by the fistful!
For where it is (ACV to Share Price performance), it could very well be the "worst" performing "growing ACV" micro cap in terms of share price or interest!
The reason its at $0.20 is because it shows no interest in an upside....$2 million ACV Q on Q is not exciting anyone..A 900 point rise on the dow and a 400 point rise on the Nasdaq is met with a 9% price drop!....Holders rather get out and put their money somewhere else....just go count the red days to green days on any bar chart - the last 18 months or so!
As a holder, its frustrating to acknowledge the above but thats the cold hard facts...and management need to address this slide in whichever way possible!
There is no fear of someone reading this and staying away from buying it - cause as it is... there are no real buyers!
And the above is definitely NOT only my opinion!
3DP Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
