LSS has performed well, but the market is forward looking. WFH does not offer explosive growth potential going forward. It cannot grow at 100% per annum and the market is well aware of this as well as the slim margins. Hence LSS past performance is already priced in - fact.
Cash is dwindling - fact.
Money wasted on SBB at high prices - fact.
How long is a piece of string? Launches on the horizon. Holders have been parroting this for the past year - fact.
Game/NFT deliverables are all behind schedule and there's zero visibility of a new roadmap - fact.
I could go on, but there's ample reasons that help explain why the stock has continuously been sold down over the past year. Significant parts of the company are being mismanaged.
ICI Price at posting:
4.6¢ Sentiment: None Disclosure: Not Held
