Hi Gareth; it's not necessarily that the product/s are bad, it's...

Hi Gareth; it's not necessarily that the product/s are bad, it's just they have been burning cash at the rate of $6-8M per quarter for years and have only $5M of annual revenue to show for it this fy.

Since they sucked $80M+ (from memory from local investors), they do not have to go back to market for a while. They reached $500M-600M cap at one point on even less sales. The blue sky drives the SP, but their time is fast running out to show their new product (whether good or bad) has an realistic addressable market. Their previous product did not live up to the hype and does not justify the current MC and cash burn. I'm not sure the new one will, imo.

Anyway, I don't want to hijack the thread further. We have definitely hit a short term bottom here on the back of this volume and quality manager buying in. We await the 'thousands' of units sold being reported in one of the next 2 quarterlies (as promised by the CEO) to get this back over $1, imo.