Runaway train
...stuck at the bottom of a hill. Not seeing any significant changes in the next year, and with no plans to address the sub-$1 price with NASDAQ, all I can see is a small destruction of value when they have to consolidate shares to get back above $1.
Everything seems to rest on the public launch of the public merger of Coinsquare. If that doesn't happen for any reason, MOGO will continue to show losses even though business is at least modestly profitable.
There is an upside if that does happen - immediately MOGO will show a small adjusted profit,and if valued like other mini-financials at 5x earnings, that could push today's price to $2, with a bonus of each share of MOGO backed by an equivalent share of the merged company. But it's not expected to happen til fiscal 2024, and nobody says which end.
With an average buy-in of $7.69, this is dead money for me for quite some time. If I even consider averaging down, it won't be til the end of 2023 at the very earliest.