A cursory look through the posts will reveal that the pumpers for the stock continue to say the same thing over and over again.
Do not look back, do not look at the financials, only look forward.
Look to the contracts that will come out, and think of what will happen to the share price.
The problem is, this is the story that has been told time and time again, and it is a story that's over a decade old. Its long in the tooth, and Despite what they say, it simply hasn't happened yet.
How many of the contracts, that were announced, actually came through, in the amount that was stated, and was fully paid out and is not held in accounts receivable?
How much revenue that comes through results in actual profit? Well the answer to that one's pretty easy, it hasn't. That is there hasn't been profit, because the costs are increasing, and higher than the revenue that's coming in.
That's the rub. You have to believe at some point they will be profitable, and I believe that you have to believe the pumpers. Of course, there's other things hanging over the stock like the Quebec AMF regulatory agency that has allegations of fraud, Against the company. We will see how that pans out, But clearly it's not a positive
To me, I trust in the facts. I trust in the financials, and those have been saying the same thing over and over again,
Declining revenue, increasing costs, nonprofitable, increasing shareholder deficit, increasing debt, and negative working capital.
For me, I do agree with one thing with the pumpers. That is, No need to change direction, simply for me I avoid the stock, and watch to see what happens. To me it is not in investable. I look for companies that are growing cash flow positive. This one doesn't check that box
All in my opinion, based on reviewing the financials, for interest only and fun. I don't own the stock, and I don't have any plans on owning it.