I would not recommend anyone to 'average down' nor would i recommend even talking a position here.
It's nice to see the company insiders here to calm the ship but it's a bit too late imo
The chart is cooked
Cash burn will still be insanely more than revenue
There is yet any proven revenue - only forecasts... forecasts which can be missed or revised down
The China situation....
Did I mention the chart is cooked?
We are below all key MA's, no volume to turn this around. There might be a spike if the true believers like the 4C but the downtrend will continue... sell into the spike
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0.3¢ |
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Mkt cap ! $11.63M | |||
| Open | High | Low | Value | Volume |
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| NET (ASX) Chart |
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