Simply put, due to lack of news, rather bad previous quarter cash receipt/cash burn rate, RFN being hammered are the cumulative reasons why 1PG is being hammered, IMO. Obviously we are close to valuing the company next to $0 (factor out the cash balance), which is unrealistic as they do have customers, IP etc, so what it really needs is investor calming news then we shall see the reverse of down trend.
Right now, with the lack of news, the calming factor for me, is at least you can see their website traffic ranking is on up trend (especially the US traffic), which Acca pointed out previously. Sit tight, wait for the next quarterly and then only reassess the position.
Purely my FA, IMO, DYOR.
1PG Price at posting:
27.0¢ Sentiment: Hold Disclosure: Held
