RE: Just a thought (or two)24 Aug 2020 15:25
As Fumbs explained, far more shares have been issued now - but also like many early-stage companies, the share price is based on future hope, not actual performance. It got to 30p because people got a bit carried away with enthusiasm as it moved to launch phase. When the hard reality of making a profit kicks in a people realise it will take years to make a profit, and then a couple of years more, and then there's difficulty with supply, and then there's problems with financing and more dilution, then there's a cyber attack, and then there's a virus and then they have to drop the price hugely to get a placing filled...well enthusiasm is harder to find. I bought in at 13p many years ago, but have averaged down as the price fell from 30p because I still feel the business could do really well if it can make it over the line to profitability.