Why not have a look at the 4C - they earned $496K in the quarter and intend to spend $2291K this qtr as they scale up. They current have around $6 million in cash in the bank. As long as they keep growing rapidly they will be cheap at anything under $1. The key metric is the growth rate - when I look at the airports they are currently covering and the size of the market, they have a huge growth potential ahead of them.
Anyway I hope you are right on the continued selling, but so far it has been far from a dump. What I have been surprised with is the lack of demand on the buy side. I don't think I have ever seen a buy side so weak with any company - even basket cases like IOT are more in demand.
Ann: Quarterly Business Review and Appendix 4C, page-31
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Mkt cap ! $2.126M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2114 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 275739 | 3 |
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