Breaking out of the current downtrend hinges on the quality of the OTT Launch announcement and the subsequent Quarterly earnings report. They really need to complement each other positively for there to be any significant re-rate. Hopefully, the launch announcement (in which they won't have a negative thing to say) walks the price up a bit and then 3- 4 weeks later, the quarterly re-rates it.
Given that revenues up until now have been sketchy and then all the recent hype about having reached the 'revenue inflection point,' if the revenue is not there, it will be a disaster. I think that GG must know this, that's why I'm confident revenues will be there. There may not be enough to re-rate, but there should be enough to support the SP from further downward force. If revenues are then improved upon again in Q3, we should see some growth as investors will start to have a bit more data to work with.
SYT Price at posting:
3.1¢ Sentiment: Hold Disclosure: Held
