I'm already right as the share price has reached to 40c.
This is a fact and we are just at the begging of April!!!
The company has a great technology but it has a huge sales problems ( 2021 - just 0.5M, and Q1 close to zero I guess).
Tech Data = zero revenue for the time been ( funny they halted trading for such an agreement).
Almost no cash....
All I have said is that we'll see some huge pressure on the share price due to these options plan in one hand and on the other hand the company must raise some fund in the close future. ( $3.4M from options will not be enough).
Conclusion: SP will be towards the end of May at around 25c.
Should be a great opportunity.
This is only my opinion and it might be or not....but as you can see Droneup & FAA announcements haven't help so far.
Good luck you all
ELS Chart, page-84
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Last
45.5¢ |
Change
0.015(3.41%) |
Mkt cap ! $68.83M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 45.5¢ | 44.0¢ | $12.26K | 27.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45977 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 5000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ELS (ASX) Chart |