I'd hardly say so. DIrectors bought in on the recent capital raise at $1.73 (Insiders sell for all sorts of reasons, but only buy for one, they think the sharer price going up).
You have to wonder about all the alleged "longs" on here calling the imminent need for another capital raise 4 months after the last. LOL.
Whilst most retail traders despise shorters, ASM holders would do well to look to their reduction on the last cap raise in early November. I suspect there will be lots of noises about contracts, partnerships and sales contracts allowing the company to move towards positive free cash flow in the results....when they eventually come:
There was a build of shorts again up at $2 on the early February rally. Fair play. They called it. I sold a big chunk myself. They have been reducing their shorts again down here of late, and I do not blame them. I am expecting ASM to pop on good forward guidance with the earnings, contrary to the naysayers on here.
ASM Price at posting:
$1.28 Sentiment: Buy Disclosure: Held
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