I'm not debating that this thing could move north on some good news at Q2, but I still think it's unrealistic to expect anywhere near $1 in the near term.
Yes the company has great revenues, but they also have MASSIVE debt, and cash flow issues that need to be addressed before this skyrockets.
IMO the 200 day MA is an unrealistic benchmark, as the last 200 days (especially the oldest few months of the 200 dma) were rife with tons of hype and high volume based on nothing more than the false promise that this stock would turn a quick buck for investors looking to get rich quick.
Fundamentally this stock has changed. it's not a lottery ticket anymore. If you're a trader, you're hoping for some short term volatility to make a couple bucks, and if you're an investor you're looking at the fundamentals of the company (in the toilet right now, but strong management has begun to turn the ship around).
Just how much progress they have made will only be revealed at Q2 release. Personally if Dan keeps his word, and truly expects to put together an investor presentation after Q2 is released, than I see that as a sign that things are looking up enough to spark new interest in the stock.
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