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#Turnaround or Titanic
Added 2 months ago

Speaking of interesting price action in nano cap land: Tomorrow's Strawman guest is a doozy.

For context, the SP is down 95% since the 2021 IPO, and shares on issue appear to have tripled.

Today, after a small and unremarkable contract announcement, 10% of shares changed hands. From Friday's close of 1.5c the price opened up 20% this morning at 1.8c, only to close the day down 20% at 1.2c. This has been the way of things for the last few months.

They have significantly reduced debt recently but not much cash left and are still not profitable.

Look forward to the interview with Mohan tomorrow @Strawman!

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