I have stated in the previous post as well and apparently my statistics are just too incomprehensible. Some people think it’s cheap and on discount and try to pump this crap up.
What is cheap?
if the SP is worth $1, and we are at 55c, that’s cheap. But if the SP is worth 20-30c, and we are at 55c, that’s expensive.
Market isn’t dumb. This will continue to slide until it matches the reality.
All of those people hold their hope on merchant sales volume. Please get real. Income statement and balance sheet don’t record those or ever did. Only “REVENUE” matters.
Good luck to all of us.
SPT Price at posting:
54.0¢ Sentiment: Hold Disclosure: Held
