It is very risky, but I am the type of person who sticks with their decision.
I am still holding from before, I was disappointed with the terms of the raise but not entirely surprised.
As I said before, my decision will be based on the September 2023 quarter. If this is terrible, the intention to "reduce cost" is clearly less serious than promised. If they become cash flow positive for the quarter or at least come close to breaking even, then it is good news for SH and those that have held this share from a much higher price to reduce their losses or hopefully turn a profit if a recent holding.
It is important to note that although the loss has increased significantly, the non-cash outflow losses have also dramatically increased from prior years.
All in all, The Sep Qtr is where I will make my decision. If terrible, I am pulling out and will revisit this share early next year when licencing is expected to go through. I think the Sep Qtr is a fair way to test management due to the "Record Revenue", "reduction cost promises" & "EBITA Poostive' claims. If this isn't reflected in this Qtr, take your money at whatever price you can get and run.
As I have stated before, this isn't a guaranteed get-rich-quick share, it carries a high level of risk, which must be factored in before you purchase.
There will be ALOT of up ramping for this share as there usually is, don't fall into the FOMO trap and there will be ALOT of down ramping for this share as there usually is so make your decision on when to exit or not to exit and stick to it with the amount of capital you are willing to risk.
GLTOH & DYOR!!!
- Forums
- ASX - By Stock
- US CANNABIS STOCK RALLY - DEA TO RE CLASSIFY
It is very risky, but I am the type of person who sticks with...
-
-
- There are more pages in this discussion • 20 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ME1 (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $582K |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $51.94K | 17.32M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 4770008 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 5000181 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 3982968 | 0.003 |
45 | 42315748 | 0.002 |
46 | 97862000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 5000181 | 10 |
0.005 | 2335006 | 8 |
0.006 | 3011036 | 6 |
0.007 | 1337385 | 4 |
0.008 | 1259423 | 2 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
ME1 (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online