Yes that's all well and good, but what if conditions do not...

Yes that's all well and good, but what if conditions do not recover within the next 2yr horizon...

@TradieToTrader not really, have a look at the countless companies that had to raise capital during the covid crisis, most were at a significantly higher discount... If they are forced to raised, they won't be setting the price, sentiment means a lot with capital raises.

Anyway, its all guesswork, but what we do know is that $1m cash burn per quarter, after years of dilution. There comes a point in time that people are not willing to pay the premium for the company. Unfortunately for ICQ there is a long way to fall from the current $122M market cap if this stock falls out of favor, especially since they are only earning approx $15-20M per annum in revenue. All IMO, i've watched this company for a couple years looking for an entry, but the last couple of quarterlies have been a massive disappointment in my opinion.