I posited recently whether this will now dwindle all the way down to 1.1 cents, while all the 1 cent option holders unload, while they still can. Sadly, with the 4C still 7 weeks away, and this quarter almost done, with no positive news, 1.1 cents is sadly, looking pretty likely.
How does a stock go from 25-30 cents down to 1 point something in 2 years? Seriously. Supposedly we have a team of Directors who are all highly respected. We have a potential market of billions of people and trillions of dollars. What is going on? My average is high but I seriously feel for those that bought millions and millions at 25-30 cents back in 2019.
So much has been written about all the Directors and how great they are in this space. It's not unreasonable to expect some sort of market update when they see the SP dissolving, to reassure the market that they are an ongoing concern. The silence is even more deafening than usual.
They already told us income this quarter will be down as they move to recurring revenues. I note they reckon they have $2 million from the last quarter already booked to go into this quarter. They are $2,550,000 behind same time last year for the Calendar Year. They need $7,820,000 this quarter to match 2020.
We know already they don't get any income in the next quarter because of Chinese New Year.
For the first time in a long time it feels as though the answer to the Succeed or Fail question is close, and not in a good way. Has this nightmare finally come to an end?
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