Well for small holders like me, the SPP has effectively valued my stock at 5 cents. If I sell today at 6.3 cents, I could repurchase the same amount at 5 cents, which represents a 26% arbitrage. The only question is whether the stock is even worth 5 cents?
My average is just over 22 cents, making this the worst percentage loss I’ve experienced in any investment. I should have taken it more seriously, but I let it slide because the amount wasn’t significant, though 70% loss stings, as I shouldn't have averaged down, but sold up at a loss.
Honestly, I feel that we, as investors, have been misinformed about the actual state of the sales pipeline. There’s talk of a $100M pipeline, but they’ve only secured a fraction of a fraction of a percent of that.
So much so, I think it’s more than just a long lead time for uptake; in my humble opinion, it’s a fit-for-purpose problem. It’s like asking taxi and courier companies, "Would you be interested in safe, driverless electric taxis and vans?" They all say yes, and suddenly you claim a $1T pipeline of sales. However, if you can’t engineer and mass-produce safe, AI-driven electric vehicles, then your sales pipeline is just nonsens
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