TSXV:RHT.H - Post by User
Post by
Aei773ouon May 13, 2021 1:16pm
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Post# 33195442
This Press Release does not bring in much needed believers
This Press Release does not bring in much needed believersThese events/info come into play :
1. Yesterday the stock, for the first time in the downtrend, enters Oversold Condition. Technically a rebound is normal.
2. Today the company, finally, comes out with the PR and reiterates profitability by June and guidance of 11 million of revenue at the year end. Why she cannot come out earlier to save the pullback is a puzzle to me.
3. The excuse using Covid is wipeout in the next Quarterly. That is positive.
The insignificant low volume helped to rebound is not a confirmation of recovery and the early gain only get reduced by profit taking only proves this view is right. The consolidation may see a bottom now @ 0.38 and everybody is waiting for the real numbers in Q3 and how that can secure the guidance as Lisa says. Think about it - this Q3 is make or break. SP can go back to above 0.7 or stay at the 0.2 level for the rest of the year.