You could be right as this could turn out to be complete failure or will be a great success story for Speckie shareholders & all will be depend on next 3-8 months time when company will have real opportunity to show sales/revenue during X-mas. Hence, I keep saying this IOT is pure spec company similar to other tech, bio & resource spec but having $12m cash and undiluted MC around $20m; I believe this spec will find floor soon until next announcement.
MC will sit around $20-$40m for now.
cheers
J
Morning Traders Monday 1st August, page-165
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