And after this lackluster quarterly update, we are back to the .30s as expected. It's nice that the plan from almost a year ago is still in place and there was no bad news other than the inevitable revenue decline like almost every other company during COVID, but their plan is basically all they've discussed for each update now for a year. So after a lot of hype and more eyes on this one, I feel like most expected more and there is nothing that's really new here.
Looking toward the future, next quarter's update should be the big one as they announced in January that they'll be SEC current by the third quarter. Since the funding was already in place, I don't see why COVID would delay this as an auditor going through their books can be accomplished anywhere.
Between now and then though, we'll see how low the pps goes. I'm hoping .30s is it and more buyers step in to support that, but I wouldn't be surprised to see this back at .20 again. For me, I've re-bought enough in the .50s and .40s, so I'm going to set some additional re-buys at .30 and then at ~.22. In the end, can't complain about any of them after selling in the .80s, .90s, and even above a 1.00 (still crazy!)
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