Ultimately it is a fairly bland company which makes some EBITDA, has a few things going but it is illiquid and not going to take on the world, it had a decent run in the hype of easy monetary policy and had a run but until Zoleo proves itself up I can't see much chanigng regardless of the advertising or broker coverage. But at the same time there is not much downside. Company needs to focus on a strong 2023, get cash back up towards $8-10 million and make some actual cash inflow. We have actually burnt through some serious cash given the 2 raises in recent times so we need to see this come back in. But how much of it is MC scrambling and saying paying for things up front or has the inflation bitten and eroded us at the margins and like buikders not making much profit as we had to honor orders made in advance? Time will tell.
BCC Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
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