Agreed. Price is dropping because of opportunity cost of holding with no upside in the near term when the money could be put to better use elsewhere in the meantime.
Chart also shows more downside as the intraday support of $1.06 that has been holding since the end of May has been broken. So from a technical analysis perspective, more downside is expected. Next strong support level is around 80cents which was the lows hit during the covid lows.
Still like the company but exited when support was broken. All the best to remaining shareholders and will possibly buy back in when chart shows we have hit a bottom.
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Agreed. Price is dropping because of opportunity cost of holding...
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