RE:RE:RE:Up approx 20%sparkdog, this appears to be an oversold bounce on very low volume. Technically it could potentially tag the 4 or even 4.50 resistance zones. Nothing fundamentally has changed as of yet, so I'd chalk this up to a dead cat bounce after tax loss selling carnage.
nice to see the back and forth debate over the last week or so on the board. from my standpoint, after re-reading the md&a, I do not believe for a moment that the current monthly cash burn is half a million as snn moves into full ramp mode across all the cali subsidiaries. The real question is whether the oil revs come on strong this quarter to help offsset the burn.
Lets hope for some major execution milestones and successes for snn in the 1st half of 2019. Also, hoping to seet a very successful house of brands rollout this quarter as that would allay some of my reticence about snn mgt strategy thus far.
Best to all in 2019!!