Had a position when they were spruiking cash flow positive next quarter, they were 12 cents back then, thought i got a bargain when they went to 8....
Done a heap of research, just felt I was getting taken for a ride in the end. Recent Cath Ed contract revealed how unprofitable the strategy they have is. They'd need a similar contract every month.
Lately, the SP looks manipulated, someone builds it up at .004 and is dumping into the .005/.006 gamblers. Maybe try to get in at .004 or if your lucky, .003 and work their game for a few trades.
As stated on the previous post, no position & no sentiment anymore, just passing on my thoughts.
have you read the quarterly, page-6
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