RE: 1Q 2021 Predictions3 Jan 2021 21:20
It could well be more. However, since the merger with W2T the headcount and thus cash burn will increase. The company does not run on air, there are costs. I suggest you familiarise yourself with them and ask why W2T were forever being paid with shares. Look at the regularity of this. You have to remember Protus maybe the first of possibly 10 sites in the UK. Be realistic with your scope of revenues and when they arrive.
To my knowledge, the company has offered no revenue guidance for 2021/22 BECAUSE THEY CAN'T.
Technical traders will be dumping soon enough, chase it up is a big risk from here. I know, I have seen this sort of nonsense more times than I care to remember of 36 years.
Kenny, nice Buffet quote. Sadly, it does not change the valuation argument does it. If it does, please explain it to me, I will read it on the next tube ride - subject to government house arrest.