I am not telling anyone what to do. If you are a buyer, my opinion is there are two more opportunities to be impaled by catch the falling knife.
1) between now and 30 June will be tax loss selling (I jumped in a bit early at 14 cents, because I have seen tax loss selling stop a day or two before 30 June in other companies)
2) after the quarterly, which I expect will have low revenue again - with the delays and delays in shipments and contracts and approvals
At some stage the tide will turn, because some revenue will be reported. I guess from the 30 Sep quarterly and/or some material decent announcement will occur. And maybe even a simply 2xcontainers a month to Lumos.
The problem we have is: will the tide turn from 13 cents or 6 cents. I really need to see revenue incoming. All flows from that - not Mr Market's mood.
AT1 Price at posting:
13.3¢ Sentiment: Hold Disclosure: Held
