What an unfortunate day so far..... In my view, the stock has been 'begging' to go sub-50c for a couple of weeks now, it was only a matter of time. Personally, I am not too fussed or concerned about this, it had to happen, and with lagging news regarding the Nasdaq listing and coupled with 'sick' macro market conditions, it happened. Also consider that, we didn't just 'touch the .50s' and retrace like we did with the .30s and .40s, we 'played ball' in the 50s for just over 4 weeks and endured a couple of significant market 'blood-baths', so I am of the opinion that this retrace may be short-lived - I could be mistaken though, the market is a rough beast at the moment, it also does seem like the support from the 'Men In Black' is exhausted - or has it?....
In my opinion, people should consider with a 'grain of salt', any post which stipulates or predicts further bearish trends on a 'down day' (few posts of this nature are kicking around today). And for balance, the same would apply in the opposing scenario. Like it or not, everyone has a motive to post.Some would say 'you shouldn't care for the listing, it's not the business', and to some extent I would agree with that notion. However, in my view, SP into the .50s was priced to consider a listing on the Nasdaq - and if my view is correct, then, a listing in the
very near future is important to sustain the SP at a valuation into the .50s plus.
Hi
@Chaya, "close" is subjective. What is your understanding of "close" in your context within this
POST? I am, as I'm sure others, are interested to know. It's a humble and honest question, from one investor to another, and I'm not expecting a factual answer from you as I am aware that you do not possess any facts (just humble opinions), so, please don't misjudge my query as I felt you have in the past. I acknowledge that you may be an important poster, hence the query, and for obvious reasons, your speculation on the matter probably outperforms my own.
Incannex, tick tock, tick tock....
This post in my personal opinion only, and, is not fact nor is it advice. please, do your own research and form your own opinions.
