If anyone has any concerns about Xped's market cap at 5, 6, 7 cents then consider that BUD which is also an IoT company. They have a fully diluted market cap of around $113 million @ 12 cents, which is it's fair price given it's recent trading activity.
At 5 cents of basically the same amount as BUD.
When you consider only current information out about Xped in my view this seems very achievable given the incredible potential of the company.
Could it either open instantly at 5 cents upon resisting or slowly creep up to 5 cents then run to 5.5-6.5 cents due to traders and FOMO? Absolutely.
Key point is this is only based off of current information out in my view - if a further MoU is signed with the second chip manufacturer before resisting or a more definitive agreement is executed with the first the share price could absolutely find a new home well north of 5.
RYG Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
