RE:RE:RE:Why would someone dump at the 52 week low? There is no $20M backlog. All Siyata have 20-30M potential sales if all trials are successful and convert in to orders.
As per the NR in 2019 Q4, revenue should be around 5-5.5M but actual revenue was only 3.2M. Same in Q1. Siyata has a history of screw up.
Why a micro cap company with hardly Can$10M company, losing money every Q going for a listing on Nasdaq. This whole a activity will cost another 1M $
ThePower wrote: Two reasons RSI and Future Growth.
RSI shows that at 0.085$ the share is oversold. Every single time RSI dropped to around 30, the stock would jump back up. This happened on May 29, June 11th, and June 26th. Going off chart patterns if said person would have held for a bit longer, then maybe a better return. Nothing guaranteed, but better than selling at the absolute lowest point in history.
Future growth because the government tender was said to be included in the Q2 and Q3 financials. The government tender was worth 2.5-5million dollars as was apart of their 20 million dollar backlog. As said in the CC only around 200k-300k of the tender was included in Q1. In 2019 Q2 was only 2 million. It's incredibly likely (not guaranteed) that they surpass 2019 Q2 with this tender + other contracts. Hell in June they received 1.6 million in orders. The most basic level of research points to an improvement QoQ for Q2. No interruptions have been reported, so I have no idea how Siyata could possibly screw it up (knock on wood).
Chart + Easy Earnings = Why the hell would you dump at 0.085$