I did share your positivity but now see a different scenario after that last disastrous quarter. No matter how much they try to spin it you have to look at the results.
- On a TA perspective we have lower highs and lower lows.
- 6 months of financials...Falling revenue, cash depleting fast with $3.2 million remaining from $5.7m as at 31 Dec 16.
My valuation is much lower. I believe this is going down and will sit there until there is actual numbers to prove a turnaround. Since Velpic's inception you would have to say their performance has been disappointing. Ok, enough from me. All IMO.
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