Great action here with plenty of large buys on market. Definitely not the action if a CR is expected. I don't understand why the calls for one - they are rolling in cash, options are being converted so another ~ $3m handy. The recent contract wins along with the the price action shows that serious money is entering - insto's seem to be buying - rarely does a retail buyer stump up $150,00 on market several times. I have been on the record stating they won't need a CR unless something is so pressing such as sudden expansion into Asia, USA or Europe.
I suspect the rollouts are happening fast and coupled with the considerable profits from their robotic automation they are coming closer to being cash flow positive even sooner than I anticipated. Perhaps we may hear about this very soon.
BID Price at posting:
$1.75 Sentiment: Buy Disclosure: Held