when s/p was at 2.4c back in late March or early April, EV was around $2.68m
if end of June cash on hand is around $5.5m this will give us s/p of 2.8c or M/C of $8.15m
at current s/p 5.1c, M/C is $14.84m and EV around $9.34m
from the chart above the s/p is holding above previous resistance
either it will be in 5-7.5c range or if drop below 5c, then there's good chance to see 3c, and that could be the bottom, imo.
RCR chart, page-319
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