Just my educated guess: 1) 19c cap raising 2) It ran too hard...

Just my educated guess:

1) 19c cap raising
2) It ran too hard late last year on the back of the bitcoin mania and has now overshot to the downside
3) Unproven microcaps can often stay undervalued for long periods of time - until the revenue really starts to hum - $6.3 mill revenue is not huge...growth is absolute key now.

4) If they can continue to execute it will run and likely hard, but they need to execute and it can be six months plus with cap raisings

This game is a marathon not a sprint I have learned over the years.