This stock is very volatile over the short term, but has been...

This stock is very volatile over the short term, but has been trending upwards over the long term (look at the chart using monthly frequency). At least for a small cap they are making money. Many small caps with this valuation aren't even making money, but priced on pure speculation. Like I said, the market is pricing this as if the US business doesn't exist because it's still high risk and in it's infancy. But, should the US business start to show more signs of growth and sustainability, this stock will re-rate and go above $1. For all holders i sincerely hope the US business continues to gather momentum as this stock will perform well over the next 12 months. The US market is way bigger than Australia and NEA don't need to have a substantial market share (like in AU) to out grow the Australian market.