It's going to be an absolute crawling slog to get anyone interested in this again.
Where we've been in the recent weeks is somewhat reasonable, but there's really no motivation to put money here.
I think the first next step for LSF is that the NTA has to be able to hold steadily around $1.80 / $1.90 for an extended period. As soon as it starts to dip back towards $1.50 / $1.60, it's back to floating in nothingness again. I think people have to see this is going somewhere. I think hitting $2 for the first time again will also be an important milestone. The next goal is that the NTA really has to be able to hold at or around $2 for another extended period.
The SP is at $1.40 now and that's... ok-ish? kinda, but there's really gotta be something that's going to push this back towards $1.60 / $1.70.
The issue that will then follow will be that once the SP starts heading towards $1.70 - $1.90, selling is going to start to pick up (IPO holders) and that's going to be another different cycle of pressure on the price.
LSF Price at posting:
$1.40 Sentiment: None Disclosure: Held
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