I predict under 10 cents before summer is over. I suspect we should be below 30 cents before June is over. Just a gut feeling. I'm seldom wrong lol...
Here's the historical and expected monthly returns for HMNY. Originally it was -37% monthly returns, compounded, but since May, that negative growth rate accelerated from Ted's massive ATM dilution, which I've already explained (links below) from -37% a month to a massive -70% drop, followed by -40%. While this doesn't sound like much, rest assured that in the power of compounding, every percentage matters. Here's what investors can expect their "gambling investments" to be, each month. And technically, there was a huge pump in April that pushed the stock price to around $4, so technically from April to May, the drop really was -84%, not -73%.
October $38.00
November $23.94, -37.00%
December $15.08, -37.00%
January $9.50, -37.00%
February $5.99, -37.00%
March $3.77, -37.00%
April $2.38, -37.00%
May 0.64, -73.00%
June 0.35, -45.00%
July 0.21, -40.00%
August 0.13 -40.00%
September $0.08 -40.00%
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