The reason why momentum is heading in that direction is because of its valuation... even after current lows, its market cap is approximately 20% overvalued (based on its last reported 4c revenues). This business should not be trading at more then 8 - 10x it’s revenue as a multiple... capital raise dilutions is catching up with it now. I’m glad I only threw small money at it. I might buy more at the 18 mark.
OLL Price at posting:
22.5¢ Sentiment: None Disclosure: Held
