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DW8 Growth, page-13876

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Astrotrade

2,145 Posts.

260

18/05/22

04:30

Post #: 61466122
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Originally posted by James7821: ↑

I see another raise coming in the short term. It's burning way too much cash and barely has enough to see past a couple more quarters without the balance getting severely low. It sold its assets and propped up the coffers last quarter because it looked bad as it was but can't avoid it for the June quarter. The company fails to draw attention to its costs or margins and this is the tell tale sign that things are not looking good at all.

On the positive side of things however, I see a rebound in technical indicators suggesting a short term bottom has already happened. I can't see it rising too far though given its awful dilution.

I continue to sit out until the company figures out how to pitch its costs and margins, and that the figures look sensible for its market cap.

Good luck all.

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Razor thin margins with massive cash burn is a recipe for disaster. This wont end well...as shown by the 2 year termal declining share price.

Buest guess is one final massive dilutionary cap raise before its lights out

DW8 Price at posting: 2.7¢ Sentiment: Sell Disclosure: Not Held
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