Market capTheir market cap is around 12 million USD. It's priced like a hyped penny stock with no business or customers at all. Truly amazing given everything they have done and accomplished. It does not surprise me at all.
For whatever reason, the stock is capped right here by someone for some reason. Volume is gone and it's clear as day. Brokers/Market makers have got to be involved here. They are the only ones who could halt the rise of the stock price and cap it like that.
What does this mean?
Should our market valuation begin to reflect a more comparable valuation of companies in our genre that are debt free, growing and profitable, we stand well placed to make bold moves that would allow for step changes to the value of our company to shareholders." said Atul Sabharwal, Founder & CEO.
They got a little bump up in market valuation and then someone capped it. Are they gonna give someone the company at a cheap price for a better situation for shareholders? So many questions still surround this promising situation. I hope they do a conference call for their shareholders this quarter to update the state of the business and any developments.