RE:Averaging UP or DOWN .. this is a launching point for the SP The pumpers have every excuse. The puppy needs new large contracts and their inability to generate any significant new contracts is a challenge.
With 32 PDAs in place (it was as high as 37) our closing rate and timelines are simply not aligned to make a growth stock for the next 18 months and this why some shorters can engage and with your play with heart strings on these volumes!
Just as many sellers as buyers which does not tilt this stock to move up. Crossland indicated last year that penny stocks are generally worth 1X annual sales ... do the math.
Let's be generous. ...$29M shares with 172M outstanding provides a takeover value of around $0.17.
Don't forget the $2M in debt.
GL