looks like we will have to wait until there are explicit revenue announcements for the SP to climb up
i wonder why the market is not getting excited about the last few very positive announcements. looking at those i think there are clear indicators that there should be good revenue numbers coming up. maybe the market is waiting if management can actually transform these deals/partnerships into serious profits.
also there are only 45M shares on issue. 61.5% of that is held by the top 20 who are not bothered by the SP fluctuation on small volume. this means there are just over 17M shares left and only a fraction of that is being traded so traders will almost never touch BDA. traders are usually the people who pumps the price up.
just my opinion, this stock is meant to be held long term and when the positive financial reports come through we should be seeing big jumps in share price. if that does not happen then you will end up with a company making serious profits bit a very small market cap so the SP has to go up. its painful to watch now but will be worth it later. i personally dont bother with the SP drops now. i buy if it is under 35c
all imo.
BDA Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held