Lot of holders selling on fear. Who is buying those shares?
I think it helps taking a step back from the share price action and thinking in terms of what the company is actually doing - as I have stated previously, until something actually fundamentally changes my sentiment is buy.
Management has stated from the get-go material revenue is expected in the July Quarterly this year.
So far, nothing has emerged to suggest that narrative being portrayed, and the greater target (10,000 ohms by end of 2019 ) won't happen.
Call me stupid, but I've bought a few more at 15c today. Whether we will test the next support zone of 12c is yet to be seen - that would be ~$100m EV (ridiculous given we are just three months out from the watershed July Quarterly, and with the company to be cash flow positive in FY19).
- Trading at $140m EV now
- 10 trading days until the next Quarterly