absolutely slaughtered today.
not a good start for management. only just listed the company. cashed in 30 mill for themselves. then this???
not off to a good start. according to reports this is the 17th time they have hit 52 week lows since listing. sure they have only been around for 6 months but the trend is down...
massive overheads, low profit margins compared to revenue, risky sector, no track record, used to being run as a private company, economy possibly heading to a recession where government project will slowly dry up...
could this ship sink before it actually moves anywhere?
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