Extreme pessimism is unwarranted If SP drops to below 0.3 before Q3 results to be released on June 01 it means the 50%-100% growth is eliminated in the calculations. This leaves the expected revenue to be same around at 400k like in Q2 and no new on-boards. Of course it is the worst case scenario, but is current market reaction based on the company’s past record of news is bad news. (I discussed fair value and trading range in previous posts, pls check if you are interested)
To me it is setting up for the Bottom for a nice rebound as long as the company can indicate the ‘steady growth’ is achievable for coming quarters. The bottomline is there must be at least 400k+ revenue in Q3 and some proof of on-board is progressing. From all previous PR I don’t see any warning that it can’t be achieved (unless the management screws up again). If you are like me take my analysis then cheer up and forget about the daily price juggling in a range.