Post consolidation this needs to run to… close to $3 for previous ATH? A lot of shareholders probably need a 15x from current share price just to break even, some more, some less.
You can almost just see management gloating on socials if this hits 20c. This has already halved since consolidation. Possibly the worst sentiment stock on the ASX. If it weren’t for bad management there is no way this stock will be trading at like 2x p/e
So the problem leads back to bad management. Even if fundamentals are solid and growing the problem won’t get fixed until management changes. Simple as that. So even if this re rates, management will somehow drain the pipes dry again?
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