Considering this stock only listed 3 months ago at $1.20 per share and the business is performing above expectations and has already met its full year profit forecasts, this is looking way oversold at these levels. Considering they are sitting on a pile of cash that they recently raised, I think it would be prudent at this point for the BOD to consider a buyback of 10-20% of the companies shares at say 60 cents per share, this would help put a floor under the shareprice and still leave plenty of $$$ in the kitty to keep expanding the business. By reducing the number of shares on issue it would help "supercharge" the shareprice comeback when this Corona virus thing is over.
Any thoughts on this ?
