TSXV:RHT.H - Post by User
Post by
Aei773ouon Mar 02, 2021 2:27pm
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Post# 32696683
For those bought @ 0.88, today feels like a slaughter
For those bought @ 0.88, today feels like a slaughter This is my update to the price movement for the short term. No surprise on webinar Lisa fails to stir up the mood. Cash flow positive is not stressed as a selling point by the tone she delivered. And no further details on new contracts at hand. These are out of my Expectations.The momentum to the downside will last a couple of days. The worst scenario is it bottoms around the low 0.72. Then buyers will come back nibbling at a time, we get a minor rebounce around 0.8 and then all wait for some good news. The big decision to buy, hold, and sell is at Q3. Numbers from there will be more revealing and inspiring for the whole year. Remember stock price is still above 0.70 is supported by the investor presentation on the year’s projection and existing contracts. Q3’s numbers will hint if subscriptions with SaaS revenue are really accelerating in a meaningful way and if these projections still look reasonable and achievable.