Your concerns are noted and justified. I have the same concerns. Its only natural, the company is banking any money at this point in time. The difference, with Rams is as you will appreciate, was Rams was a going concern coming into the market. Soi on the other hand is more or less a start up.
I could name you many companies that have been listed for many years which would be in more dire circumstances atm in realtion to "going concern status". The saving grace with SOI, is that atm it can be run lean with Scotty throwing in a little bit of play money here or there until the storm is over.
I'm waiting for December and to see if any money starts coming in and dont forget the company fas already flagged that additional contracts (customers) are in advanced stages of negotiation both with Australia and the Middle East.
I bet you go broke before SOI does ETL:)
The bloodbath is just natures way of cleaning all the sheet out of the market. Not many left standing, including posters. The bottom will be reached once YC is wiped out.
There you go I have called the bottom of the market.
SOI Price at posting:
85.0¢ Sentiment: Buy Disclosure: Held
