Very Disturbing What are the facts?
I advise anyone seriously considering an investment here to look at the trend of revenue and gross profit in 2018. Then compare it with 2019. Do you see the story of rapid growth that would drive this stock up?
Not too long ago, I posed my concern at the paucity of multimillion dollar contracts since July. Is a lack of new contracts reassuring? How effective is this company in advertising themselves and gaining new 'customers'? Are we to just shrug off the revenue drop in their home country and call that reassuring expansion?
Especially take note of the insider buying over 2018 when the company had massive growth in revenue. When management is confident in their company, they spend hundreds of grands in the short window when they can buy shares. You see some insider buying before the abysmal Q1 - an attempt to pump up the stock which backfires. BUT WHAT HAPPENS BEFORE THE BEAUTIFUL UPSLOPE IN REVENUE OF Q2? Q3? And most importantly before Q4 when the revenue is about to explode? ... Nothing. Surely the insiders know the revenue is about to double. Yet no insider bought in. Do you find that reassuring?
And indeed as one pointed out today, what happened the last time the stock traded over a milion shares in Sept 2017?
Why do I share this? Because something very disturbing is happening which we do not understand. Has the management team addressed the above and provided other reasons to gain your trust? If so, then ignore me completely and invest with confidence. If they haven't, then demand answers.
Take care folks. Your money is hard-earned.