Great post and spot on.
I don't know what they could present to soph's to raise cash and I can't imagine many shareholders dipping into their pockets again.
I remember watching Roger Federer versus Andy Roddick in a warmup tournament to the Australian Open about seven or eight years ago. Roddick played extraordinary tennis in the first place, at the top of his game, red-lined it and still got beaten. He fell apart in the second.
Seems to me the same has happened here. I think China has defeated SmartTrans. The company has given absolutely everything. Carr and co deserve a medal for navigating it this far. But the point that has been made is a correct one - they are disguising a massive drop off in retention and revenue as a change to their business model. This quarterly was dire, I think the next one will be catastrophic.
All my opinion only, of course, but I have been genuinely saying that in shareholders' interest for quite some time now and been accused of having agendas.
I feel bloody awful for anyone here if they end up losing big. I know what it's like to be invested in this stock and ride that rollercoaster.
It will be an interesting few months.
SMA Price at posting:
1.5¢ Sentiment: Sell Disclosure: Held
(20min delay)