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AgeOfReason

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AgeOfReason

Re: None

Thursday, 04/07/2022 1:14:52 PM

Thursday, April 07, 2022 1:14:52 PM

Post# of 1583
I sold my shares (at slightly more than 6 cents/share on average) earlier this week. I think the stock has further downside potential. In the recent quarterly statement the expenses were about 16 times the gross margin. That means in order for the company to reach breakeven the gross margin (and thus also the total revenues) need to become at least 16 times higher than current level. I do not think that can happen within 12 months from now.

I have a tentative order to buy back shares at price which is less than the current price, but I might cancel the limit order.

In posting to this site, it is my primary aim to provide accurate information and good ideas to the readers, for their benefit - and not hype or nonsense or gross exaggerations. I hope I achieve that goal. I also hope to learn by asking questions.

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Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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