Moelis was predicting 2021 lvt would be turning a profit. However, all signs are suggesting that would be a lot sooner. The discounted CR definitely put a halt in share price growth. I don’t believe management is all too concerned on the movements of the share price in the short term. If you look at the likes of Altium, they started reporting a profit in 2015, shortly after they broke the $1 resistance and continued to climb after that.
It’s really a matter of how long these bears are hanging around for still.
My next milestones
- short term - target $0.80
- long term - become profitable
