Last week (and a bit) of the FY. Interesting to see if many will be selling a few to claim the tax loss, given the rest of the market has done OK this year, there's probably a few people with gains they want to offset. I have been holding off topping up at all the last few weeks, to see what happens this week.
Of course, the looming CR prospect is still hanging over our heads. For some reason I feel that we could almost trade our way out, but we're not going to know that for another month when the next quarterly comes. So it's going to be hard times for the SP I feel.
What has killed the SP has been this, from the last 4C:
Even though, one of the options is selling some Audiostack shares, the problem is, people see the words "capital raising", and assume that it's the typical CR, where the SP will certainly drop another 20%, so don't buy now, as there is some discounts coming. As gassed mentioned, this is just an assumption, we actually don't know if a CR is coming. They could be selling Audiostack shares, or if these recent upticks in DH numbers continue, it could equate to real revenue, and we may not even need a cash injection.
I think it was soooo close to being a different story this month. If we had just had another $18K last quarter, the cash in bank would've been up $18k, the net loss would've been done $18K, and the number of quarters remaining would've been 2.0. The answers to question 8.6 would've been "N/A". The words "Capital Raise" would never have appeared. I really think those words have caused a lot of damage to the SP.
Anyway, enough about hypotheticals. We are where we are, but if we can turn this ship around, and hit that 3 cent options target by end of March, which is certainly on the cards if we're cash flow positive in the next two quarters, then this all time low will have been seen as a great time to buy. If only we had a working crystal ball...
(20min delay)